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601 Wallace Rd Farmington, MO 63640

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Two multifamily properties in Farmington, Missouri, with value-add potential.

Building Details

Year built
1985

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Listing Contact
Hank Hicks
Source: Nmrk

Listing Agent: Hank Hicks

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Farmington Multifamily Portfolio Opportunity

The Crimson Landing & Stonebridge Meadows Portfolio comprises two multifamily assets in Farmington, Missouri, totaling 135 units. Crimson Landing, built in 2024, features 66 units and offers the opportunity to acquire a high-quality asset. Stonebridge Meadows, built in 1985, consists of 69 units and presents a value-add opportunity through operational efficiencies and cost reduction strategies. Crimson Landing features a mix of one-, two-, and three-bedroom units equipped with gourmet kitchens, modern appliances, and walk-in closets. Stonebridge Meadows offers a mix of one- and two-bedroom units with vinyl plank flooring and large closets. Residents enjoy a community pool with a sundeck, basketball court, and on-site laundry facilities. Located one hour south of the St. Louis metro, at the edge of the Ozark Mountains, Crimson Landing and Stonebridge Meadows are positioned within the growing community of Farmington, Missouri. Crimson Landing is located adjacent to St. Joe State Park.
Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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City
Farmington
County
St. Francois
State
Missouri
Longitude
-90.435998
Latitude
37.800661

FAQs

What type of property is this?
Apartment building - Two multifamily properties in Farmington, Missouri, with value-add potential.
Where is this apartment building located?
The property is located at 601 Wallace Rd Farmington, MO.
What are key features of this property?
This property features: - New construction 66-unit Crimson Landing offered below replacement cost, built in 2024.; - Portfolio of 135 units provides immediate scale and operational efficiencies.; - Value-add opportunity at Stonebridge Meadows (69 units) through operational efficiencies and cost reduction.
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