1027 Caroline Dr, Washington, MO 63090
- $10,500,000
- 105,000
- SqFt
- List Price
- $10,500,000
- Days on Market
- 43
- MLS#
- 26038016
- Status
- ACTIVE
- Living Sq. Ft
- 105,000
- Year Built
- 1974
- Subdivision
- Sunrise Valley & Madison Place Apartments
- Municipality
- Washington
- County
- Franklin
- Listing Type
- Multifamily
Property Description
115-unit value-add multifamily portfolio | 8.05% in-place (T3) cap, 9.41% proforma stabilized Strong unit mix - 80% of units are 2 beds Proven rent-up model: 2/3rds of units renovated, 1/3rd remaining for proven upside Market rent spread of at least $137/unit/month across non-renovated units High growth submarket - Franklin County: 4% vacancy, 2.2% annual population growth Dual-asset structure: 89-unit flagship complex and 26-unit garden community Extremely supply-constrained submarket
Additional Information
- School District
- Washington
- Elementary School
- South Point Elem.
- Jr. High School
- Washington Middle
- Sr. High School
- Washington High
- Cooling
- Central Air, Window/Wall
- Selling Terms
- Other
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Listing courtesy of Salient Realty Group, LLC.
Listings displaying the MARIS logo are courtesy of the participants of Mid America Regional Information Systems Internet Data Exchange. Information From Third Parties, Deemed Reliable But Not Verified
