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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.PROPERTY FEATURES
PROPERTY DETAILS
Street Address: 7036 Raider Road
City: Bonne Terre
State: Missouri
Postal Code: 63628
County: St. Francois
MLS Number: MAR24076517
Year Built: 1968
Courtesy of Apartment Advisors of America
City: Bonne Terre
State: Missouri
Postal Code: 63628
County: St. Francois
MLS Number: MAR24076517
Year Built: 1968
Courtesy of Apartment Advisors of America
Courtesy of House Sold Easy Realty, LLC