3503 Falling Springs Rd - Apartments FOR SALE


Cahokia, IL 62206- East Saint Louis
$528,000 USD
618-606-3829
3503 Falling Springs Rd, Cahokia, IL for Sale
$528,000 USD
Apartments - FOR SALE
1/4
null | 10.16% Cap Rate

3503 Falling Springs Rd
Cahokia, IL 62206
East Saint Louis


HIGHLIGHTS

  • In 2025 the units are now renting for $975 per month.
  • Located in a quiet area.
  • Tenants have been screened.
  • 10 minute drive from Downtown St. Louis, MO.

OVERVIEW

2 apartment buildings on same parcel. Front building has 4-units and back building has 7-units. The front building has (1) unit that is a studio and (1) unit that is a 1 Bedrooms. The remaining (9) units are all 2 Bedrooms 1 Bathroom. Asking monthly rent rate of $975 for units rented in 2025. 91% occupancy. (4) of the units have recently been turned over with tenants paying $959 - $975 per month. Landlord pays water, sewer, and trash. Tenants pay electricity. Located on a quiet strech along Falling Springs Road in Cahokia Heights, IL. Just 10 minute from downtown St. Louis and famous Arch. (9) 2 Bed 2 Bath (1) 1 Bed 1 Bath (1) Studio.

FOR SALE DETAILS

PRICE

$528,000 USD

PRICE/SF

$106 USD /SF

# OF UNITS

11

PRICE/UNIT

$48,000

CAP RATE

10.16%

% LEASED

91%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Falling Springs Residences

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1985

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.7 AC

LAND SF

30,624 SF

ZONING

Multi-Family/Dwelling

APN/PARCEL ID

01-35.0-203-017

ASK ABOUT THIS PROPERTY

Brendan BaroneKunkel Commercial GroupMore Info
618-606-3829

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Brendan BaroneKunkel Commercial GroupMore Info
618-606-3829

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.