USAMOBonne TerreCedartown7036 Raider Rd
View of property with uncovered parking | Image 1
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$2,995,000

7036 Raider Rd, Bonne Terre, MO

Real Estate

For Sale

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  • Key Facts
  • Description
  • Map

Key Facts

Type 5 Family or More
Levels Residential Income
Size 98881 sqft
Garage No
Maintenance Fees 
Taxes $7,293
Days Active 2
Approx. Age 1968
Avg. Price Per Sqft $30
MLS® Number 25040077

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

Back on the market with 95% occupancy and a highly motivated Seller, Sunshine Apartments presents an exceptional chance to acquire a fully renovated, income-generating 40-unit apartment complex YEAR ONE! Future-proofed interiors featuring granite countertops, full appliance packages, and durable LPV flooring. Electric sleeve units for heating and cooling, paired with instant propane-powered hot water heaters. Solar panels supply approximately 50% of the property’s electricity needs. Majority of units benefit from well water access. These eco-friendly systems significantly reduce operating expenses, ensuring higher ROI and long-term value. Current rents include utilities, laundry, and internet. By implementing a $30/month utility surcharge, boosting annual income by $14, 400, totaling cash flow to $78, 806 annually. Offered at an 8.4% cap rate with a 7.5% cash-on-cash return. 80% LTV with a 1.29 DSCR—an unparalleled opportunity in today’s market.Show Description
MLS® Number25040077
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry LevelCommon Area
Exposure
ExteriorBalcony
GarageNo
Approx. Age1968
Stories
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatDual Fuel/Off Peak, Electric
A/CCentral Air, Electric
Heating Fuel

Extras

Building, Land

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