Multi-Family for Sale: 7036 Raider Road, Bonne Terre, MO 63628

98,881 sqft
$3,500,000
$3,500,000
7036 Raider Road, Bonne Terre, MO 63628
98,881 sqft
$3,500,000
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Price:
$3,500,000

Type Multi-Family
Square Footage 98,881 sqft
Year Built 1968
Taxes Paid $7,293

City Bonne Terre
County St Francois
School District North St. Francois Co. R-I
Subdivision Cedartown

MLS 24076517
Status Active
DOM 4 days
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

Construction Brick
Cooling Electric
Heat Source Electric
Heating Dual
Parking Description Space/Unit - 1
Sewer Public Sewer
Tax Year 2024
Water Public, Well
Lot Dimensions 243x272 ft

Community and Schools

Elementary School North County Parkside Elem.
Junior High School North Co. Middle
Senior High School North 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.

Map of 7036 Raider Road, Bonne Terre, MO

Location Map Street View
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Photo of Kaitlyn Whetstone®, ABR, CBR
Direct: 636-741-2810
Office
1006 Main Street
Imperial, MO 63052
636-741-4414
Listed by Apartment Advisors of America, Nicholas Smyrniotis
$
20%
0.2%
6.75%
$
$
$
$19,993.49
Monthly Payment
Principal & Interest
$18,160.74
Monthly Taxes
$607.75
Monthly HOA
$0
Monthly Home Ins.
$1,225.00
Monthly PMI
$0.00

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.

Nearby zip codes are 63601, 63640 and 63653. This property neighbors other cities such as Desloge, Farmington, Leadington, Leadwood and Park Hills.

Maris

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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