6466 White Cap Ln - Multi-Family FOR SALE


Florissant, MO 63033- Paddock Forest
$5,300,000 USD
314-662-6453
6466 White Cap Ln, Florissant, MO for Sale
$5,300,000 USD
Multi-Family - FOR SALE
1/25
null | Request Cap Rate

6466 White Cap Ln
Florissant, MO 63033
Paddock Forest


OVERVIEW

A rare opportunity to acquire a diversified portfolio of 75 condominiums strategically located across North St. Louis County. This well-performing portfolio offers consistent cash flow, stable tenancy, and strong capitalization potential for both seasoned and first-time multifamily investors. Portfolio Composition: 75 condominiums across five municipalities: Hazelwood, Florissant, Bridgeton, Ferguson, and Unincorporated St. Louis County. Asking Price: $5,300,000 Current Performance: $70,000 a door, the monthly income is $77,000 at full occupancy with an estimated cap rate exceeding 9.5%. Lease-to-Own Program: 31 units operate under a unique model where tenants gain partial LLC ownership, granting full condo ownership after 15 years of continuous payments. Tenants cover HOA fees and partial maintenance, minimizing owner obligations. Maintenance Advantage: HOA-managed exteriors reduce maintenance expenses and preserve community-wide property value.

FOR SALE DETAILS

PRICE

$5,300,000 USD

PRICE/SF

$42,400 USD /SF

# OF UNITS

31

PRICE/UNIT

$170,968

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

75-Unit Condominium Portfolio

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1981

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Mike ShepherdInvest St. Louis, LLCMore Info
314-662-6453

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Mike ShepherdInvest St. Louis, LLCMore Info
314-662-6453

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