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.
Lot & Building Features
ConstructionBrick
CoolingElectric
Heat SourceElectric
HeatingDual
Parking DescriptionSpace/Unit - 1
SewerPublic Sewer
Tax Year2024
WaterPublic, Well
Lot Dimensions243x272 ft
Community and Schools
Elementary SchoolNorth County Parkside Elem.
Junior High SchoolNorth Co. Middle
Senior High SchoolNorth Co. Sr. High
Price History of 7036 Raider Road, Bonne Terre, MO
Date
Name
Price
Difference
12/18/2024
Listing Price
$3,500,000
N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.
7036 Raider Road (MLS #24076517) is a multi-family listing located in Bonne Terre, MO.
This property was listed on 12/17/2024 and has been priced for sale at $3,500,000.
Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.
All information provided is deemed reliable but is not guaranteed and should be independently verified.
Listing information courtesy of: Apartment Advisors of America
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