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Main St. Real Estate
1027 Caroline Dr, Washington, MO 63090
- $10,500,000
- 105,000
- SqFt
- List Price
- $10,500,000
- Days on Market
- 127
- MLS#
- 26038016
- Status
- ACTIVE UNDER CONTRACT
- 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
Listing courtesy of Garen Lafser. Salient Realty Group, LLC
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Listings courtesy of Mid America Regional Information Systems Internet Data Exchange as distributed by MLS GRID. 
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker of MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some listings have been excluded from this website.