1027 Caroline Drive, Washington, MO 63090
Sunrise Valley & Madison Place Apartments · Franklin County
Key Facts
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
Property Information
Property Type
Residential Income
Sub-Type
Multi Family
Style
Apartment Style
Year Built
1974
Living Area
105,000 sq ft
MLS® Listing#
26038016
Property Features
Cooling
Construction
Schools
- Elementary:
- South Point Elem.
- Middle:
- Washington Middle
- High:
- Washington High
Financial Details
HOA
None
Parcel Number
10-7-26.0-2-011-077.001
Directions
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Affordability Calculator
$2,100,000
Estimated monthly payment
$55,885/mo
Principal $8,400,000 · Est. interest $11,718,747 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Washington, MO
- $377,083
- Median Listing Price
- 71
- Median Days on Market
- 1,960
- Median Sq Ft
- $202
- Median Price / Sq Ft
- 99
- Active Listings
- This home’s price is 2685% above the area median.
- Its price per sq ft is 51% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Washington, MO.
Location
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Points of Interest in Washington, MO
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EXIT Agents in Washington
Listing Courtesy: Salient Realty Group, LLC - 3143743687
Presented by: Garen Lafser