7036 Raider Road

Bonne Terre, MO 63628

$3,500,000
Price
Beds
98,881 Sq. Ft.
$35 / Sq. Ft.
98,881
Sq. Ft.
$35
per Sq. Ft.

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.
  1. 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

StatusActive
MLS #24076517
Days on Market3
Taxes$7,293 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial Sale / Multi-Family 5+
Year Built1968
Lot Size-
CountySt. Francois County

Building Information for 7036 Raider Road

Stories-Residences40Year Built1968Building Size-Lot Size-

Property Information for 7036 Raider Road

Summary
Location and General Information
  • City: Bonne Terre
  • County Or Parish: St Francois
  • Directions: Hwy 67 to Orchard Rd
  • Latitude: 37.905877
  • Longitude: -90.518971
  • Postal Code: 63628
  • State Or Province: MO
  • Sub division Name: Cedartown
Taxes and HOA Information
  • List AOR: St. Louis Association of REALTORS
  • Parcel Number: 06-40-19-00-000-0019.02
  • Tax Annual Amount: $7,293.00
  • Tax Year: 2024
Owner
  • Owner Name: Rainy Days
Parking
  • Attached Garage: No
  • Parking Features: Space/Unit - 1
School Information
  • Elementary School: North County Parkside Elem.
  • High School: North Co. Sr. High
  • High School District: North St. Francois Co. R-I
  • Middle Or Junior School: North Co. Middle
Property
Lot Information
  • Lot Size Dimensions: 243x272
  • Property Sub Type: Multi-Family 5+
  • Builder Model: Low/1-2
  • Property Type: Commercial Sale
Property and Assessments
  • Above Grade Finished Area: 98881.0
  • Above Grade Finished Area Source: Public Records
  • Documents Count: 0
  • Photos Count: 13
  • Videos Count: 0
  • Year Built: 1968
  • Disclosures: Unknown,Sellers Discl Not Av
  • Age: 56
  • Construction Materials: Brick
Utilities
  • Sewer: Public Sewer
  • Water Source: Public, Well
Interior and Exterior Features
Exterior Features
  • Association Amenities: Some Balc/Some Terrc
Interior Features
  • Heat Source: Electric
  • Cooling: Electric
  • Heating: Dual
  • Heating YN: Yes
  • Laundry Features: Common Laundry
Multi Family
Multi-Family Information
  • Number Of Units Total: 40
  • One Bed Unit Rent: 850
  • Bedroom number of Units: 20
  • TYPE: Apt Bldg/Exterior En
  • Two Bed Unit Baths: 1 Per Unit,2 or More Per Unit
  • Two Bed Unit Rent: 950
  • Two Bed Unit Units: 16
Income & Expenses
  • Net Operating Income: $292,562.00
  • Total Expenses: 110728.00
Rental
Rent Information
  • Lease Term: Month To Month
  • Efficiency Rent: 675
  • Tenant Pays: Electricity
  • Efficiency Units: 4

Property History for 7036 Raider Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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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7036 Raider Road is a multi-family home for sale in Bonne Terre, MO 63628. This property was listed for sale on December 18, 2024 by Apartment Advisors of America, it's currently listed at $3,500,000. This listing's school district is North St. Francois County R-I School District. Nearby schools include North County Primary School, North Co. Middle School and North Co. Sr. High School. 7036 Raider Road is a 0-bed, 0-bath, 98,881 sqft multi-family home built in 1968.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Apartment Advisors of America

Based on information from one of the following Multiple Listing Services: MARIS, Bagnell Dam Association of REALTORS . Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MARIS, Bagnell Dam Association of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.