Bonne Terre, MO 63628,7036 Raider RD
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Bonne Terre, MO 63628,7036 Raider RD
Bonne Terre, MO 63628,7036 Raider RD
Bonne Terre, MO 63628,7036 Raider RD
Bonne Terre, MO 63628,7036 Raider RD
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$ 2,995,000
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7036 Raider RD Bonne Terre, MO 63628

98,881 SqFt


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Key Details

Property Type Multi-Family

Sub Type 5 Family or More

Listing Status Active

Purchase Type For Sale

Square Footage 98,881 sqft

Price per Sqft $30

Subdivision Cedartown

MLS Listing ID 25040077

Year Built 1968

Property Sub-Type 5 Family or More

Property 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 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.

Location

State MO

County St. Francois

Area 600 - St. Francois County

Interior

Heating Dual Fuel/Off Peak, Electric

Cooling Central Air, Electric

Fireplace N

Appliance Electric Water Heater

Laundry Common Area

Exterior

Exterior Feature Balcony

Parking Features false

Building

Water Public, Well

Architectural Style Low/1-2

Structure Type Brick

Schools

Elementary Schools Intermediate School

Middle Schools North Co. Middle

High Schools North Co. Sr. High

School District North St. Francois Co. R-I

Others

Acceptable Financing 1031 Exchange, Cash, Contract

Listing Terms 1031 Exchange, Cash, Contract

Special Listing Condition Standard


Listed by Nicholas Smyrniotis • Apartment Advisors of America LLC
agent

Jon Daugherty

Broker | License ID: 475.207404

+1(618) 505-4306

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7036 Raider RD