Ignite FB Tracking Pixel125 Crescent Lake Road, St Clair, MO 63077 - Terri Jeoffroy
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listing
1 of 16
CommercialFor Sale
$1,700,000
125 Crescent Lake Road
St Clair, MO 63077
Courtesy of Worth Clark Realty
MLS: Mid America Regional MLS (MARIS)
Est. Mortgage
$8,875/mo

This 24-unit apartment complex is located in the heart of St. Clair in Franklin County situated near I-44, Gravois, and plenty of shopping and other amenities,. It features two well-maintained buildings constructed in 1986, offering a total of 18,886 square feet of revenue-generating potential. Unit mix is 8 1-bed/1-bath (567 sf) and 16 2-bed/1-bath units (714 sf). About 50% have been updated with LVP flooring and stainless appliances; others with carpet/vinyl flooring and mixed appliances provide value-add opportunity. Property features newer vinyl windows, exterior entrance, electric water heaters, circuit breaker panels, and 48 parking spaces. Coin-operated laundry facility generates $290/month (included in income).  Gross income = 187,584, expenses = 45,884, and NOI = 141,700 - a 8.33% cap rate at asking price. With its location, updates, 100% occupancy, and NOI, this property has plenty to offer. Ask your agent/broker for the financials located in the supplements.

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Information courtesy of Worth Clark Realty is subject to verification and is not guaranteed.
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