7036 Raider RD new Save Request In-Person Tour Request Virtual Tour
Bonne Terre,MO 63628
Key Details
Property Type Multi-Family
Sub Type Multi-Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 98,881 sqft
Price per Sqft $35
Subdivision Cedartown
MLS Listing ID 24076517
Year Built 1968
Building Age 56
Property Description
Back on the market with 95% occupancy and a highly motivated Seller, Sunshine Apartments presents an exceptional chance to acquire a fully renovated, income-generating 40-unit apartment complex YEAR ONE!
Future-proofed interiors featuring granite countertops, full appliance packages, and durable LPV flooring.
Electric sleeve units for heating and cooling, paired with instant propane-powered hot water heaters.
Solar panels supply approximately 50% of the property's electricity needs. Majority of units benefit from well water access.
These eco-friendly systems significantly reduce operating expenses, ensuring higher ROI and long-term value.
Current rents include utilities, laundry, and internet. By implementing a $30/month utility surcharge, boosting annual income by $14,400, totaling cash flow to $78,806 annually.
Offered at an 8.4% cap rate with a 7.5% cash-on-cash return.
80% LTV with a 1.29 DSCR—an unparalleled opportunity in today's market.
Location
State MO
County St Francois
Area St. Francois County
Interior
Heating Dual
Cooling Electric
Laundry Common Laundry
Exterior
Amenities Available Some Balc/Some Terrc
Building
Sewer Public Sewer
Water Public,Well
Structure Type Brick
Schools
Elementary Schools North County Parkside Elem.
Middle Schools North Co. Middle
High Schools North Co. Sr. High
School District North St. Francois Co. R-I
Others
Acceptable Financing Other
Listing Terms Other
Special Listing Condition Renovated,None