7036 Raider Road
$3,500,000
—
98,881
98,881
$35
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...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.
80% LTV with a 1.29 DSCR—an unparalleled opportunity in today’s market.
- Listed by Nicholas Smyrniotis • Apartment Advisors of America
Property Details for 7036 Raider Road
Cross Street
HWY 67
LISTING UPDATED: 12/18/2024 02:20 PM
Property Details for 7036 Raider Road
Status | Active |
---|---|
MLS # | 24076517 |
Days on Market | 3 |
Taxes | $7,293 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Commercial Sale / Multi-Family 5+ |
Year Built | 1968 |
Lot Size | - |
County | St. Francois County |
Building Information for 7036 Raider Road
Stories-Residences40Year Built1968Building Size-Lot Size-
Property Information for 7036 Raider Road
Property History for 7036 Raider Road
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 7036 Raider Road
Taxable ValueLand$11,910Additions$122,880Total$134,790
Tax Record2023$7,292 ($608 / month)
Home Facts
Total Finished SqFt20,880 SqFtAbove Grade Finished SqFt20,880 SqFtStories2Lot Size98,881 SqFtStyleMulti-Family Res (5+ Units)Year Built1968CountyST. FRANCOISAPN06-40-19-00-000-0019.02
Schools near 7036 Raider Road
This home is within North St. Francois County R-I School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 2 | |||
Public - | 7 to 8 | |||
Public - | 9 to 12 | |||
Public - | 3 to 4 |
Rating | School | Distance |
---|---|---|
North County Primary School PublicPK to 2 | ||
North Co. Middle School Public7 to 8 | ||
North Co. Sr. High School Public9 to 12 | ||
North County Parkside Elementary School Public3 to 4 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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