1. Missouri
  2. St Clair
  3. 125 Crescent Lake Road
$1,700,000

125 Crescent Lake Road, St Clair, MO 63077

  • 18,866 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1986
  • Property Lot Size Icon1.5acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $90/sqft
  • Property List Date Icon Listed 5 months ago

Property Description

This 24-unit apartment complex is located in the heart of St. Clair in Franklin County situated near I-44, Gravois, and plenty of shopping and other amenities,. It features two well-maintained buildings constructed in 1986, offering a total of 18,886 square feet of revenue-generating potential. Unit mix is 8 1-bed/1-bath (567 sf) and 16 2-bed/1-bath units (714 sf). About 50% have been updated with LVP flooring and stainless appliances; others with carpet/vinyl flooring and mixed appliances provide value-add opportunity. Property features newer vinyl windows, exterior entrance, electric water heaters, circuit breaker panels, and 48 parking spaces. Coin-operated laundry facility generates $290/month (included in income). Gross income = 187,584, expenses = 45,884, and NOI = 141,700 - a 8.33% cap rate at asking price. With its location, updates, 100% occupancy, and NOI, this property has plenty to offer. Ask your agent/broker for the financials located in the supplements.

Listing Status:
Active
Date Added:
January 25, 2025 at 06:00AM
Listing Office:
Worth Clark Realty : 314-222-0065
MLS ID:
25003997
  • Appliances: Gas Water Heater
  • Laundry: Other
  • A/C: Wall Unit(s)Ceiling Fan(s)
  • Heating: BaseboardNatural Gas

This listing courtesy of Worth Clark Realty

Monthly Payment

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

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Location

Schools Nearby

E

Edgar Murray Elementary

1044 High School Dr, Saint Clair, MO, 63077

Grades 3-5

0.43 miles away

S

St. Clair Jr. High School

925 High School Dr, Saint Clair, MO, 63077

Grades 6-8

0.60 miles away

S

St. Clair High School

1015 High School Dr, Saint Clair, MO, 63077

Grades 9-12

0.53 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.