801 W Walnut St - Apartments FOR SALE


Desloge, MO 63601
$1,500,000 USD
314-238-8603
801 W Walnut St, Desloge, MO for Sale
$1,500,000 USD
Apartments - FOR SALE
1/17
null | 7.75% Cap Rate

801 W Walnut St
Desloge, MO 63601


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$117 USD /SF

# OF UNITS

16

PRICE/UNIT

$93,750

CAP RATE

7.75%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1997

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.09 AC

LAND SF

91,040 SF

ZONING

-

APN/PARCEL ID

07-70-36-00-000-0021.04

ASK ABOUT THIS PROPERTY

Jordan SchoenInvest Saint LouisMore Info
314-238-8603

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Jordan SchoenInvest Saint LouisMore Info
314-238-8603

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