MO > St Clair
St Clair, MO 63077,125 Crescent Lake RD
St Clair, MO 63077,125 Crescent Lake RD
St Clair, MO 63077,125 Crescent Lake RD
Additional details
Joe LoPiccolo

Joe LoPiccolo

+1(314) 422-0125
$1,700,000
Est. payment /mo
18,866 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type 5 Family or More

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 18,866 sqft

Price per Sqft $90

MLS Listing ID 25003997

Year Built 1986

Lot Size 1.500 Acres

Acres 1.5

Lot Dimensions IRR

Property Sub-Type 5 Family or More

Property Description

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.

Location

State MO

County Franklin

Area 370 - Franklin R-16 (Franklin)

Interior

Heating Baseboard, Natural Gas

Cooling Wall Unit(s), Ceiling Fan(s)

Fireplace N

Appliance Gas Water Heater

Laundry Other

Exterior

Parking Features false

Building

Sewer Public Sewer

Water Public

Architectural Style Low/1-2

Structure Type Stone Veneer,Brick Veneer,Vinyl Siding

Schools

Elementary Schools St. Clair Elem.

Middle Schools St. Clair Jr. High

High Schools St. Clair High

School District St. Clair R-Xiii

Others

Ownership Private

Acceptable Financing Cash, Conventional, Private Financing Available

Listing Terms Cash, Conventional, Private Financing Available

Special Listing Condition Standard

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Listed by Tammy Derrigan • Worth Clark Realty

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agent

Joe LoPiccolo

+1(314) 422-0125

Broker Associate | License ID: 2005026477

Broker Associate License ID: 2005026477

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