1. Missouri
  2. Park Hills
  3. 801 W Walnut Street
$1,500,000

801 W Walnut Street, Park Hills, MO 63601

  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1997
  • Property Lot Size Icon2.09acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 14 days ago

Property Description

The Cedar Ridge Apartments offer an excellent opportunity for investors seeking stable cash flow, strong returns, and minimal management hassle just outside of St. Louis. This 16-unit community is spread across four well-maintained buildings in Desloge, Missouri, and is consistently fully leased and easy to operate. The building features 2 bedroom units with in unit laundry, all the units have their own porches. The apartments also have central air with mini splits, and there are detached storage units for the apartments on site. With significantly lower expenses for taxes, insurance, and utilities compared to similar properties in the city, this asset stands out for its efficiency and profitability. Located in unincorporated St. Francois County, the property benefits from a landlord-friendly environment with low taxes, minimal red tape with no occupancy inspections. Projected rents of up to $1,000 per unit offer immediate income potential and long-term upside. Whether you're expanding your portfolio or looking for a low-maintenance investment, Cedar Ridge Apartments delivers dependable performance without the typical headaches.

Listing Status:
Active
Date Added:
July 23, 2025 at 05:00AM
Listing Office:
Invest St. Louis : 314-325-6201
MLS ID:
25050621
  • A/C: Central Air

This listing courtesy of Invest St. Louis

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

N

North County Parkside Elementary School

100 N Parkside St, Desloge, MO, 63601

Grades 3-4

0.52 miles away

N

North County Middle School

406 E Chestnut St, Desloge, MO, 63601

Grades 7-8

0.91 miles away

N

North County Sr. High School

7151 Raider Rd, Bonne Terre, MO, 63628

Grades 9-12

2.76 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.