204 Washington St Desloge, MO 63601

Property Details for 204 Washington St

Property type

Commercial real estate

Description

This exceptional multifamily investment opportunity encompasses 113 units across three properties in Desloge and Bonne Terre, Missouri. The portfolio includes a mix of apartment buildings and townhouses, offering a diverse range of unit sizes and layouts. Buildings were constructed between 1978 and 1986, with significant recent improvements. These upgrades include HVAC system replacements (20% updated in the last three years across multiple buildings), roof replacements (approximately five years ago across all properties), and interior renovations in select units. Plumbing systems are primarily original copper and PVC. The properties boast a combined total of approximately 88,122 square feet on a 107,593 square foot lot. Unit sizes range from 425 square feet (one-bedroom townhouses) to 1,175 square feet (three-bedroom townhouses), with many featuring in-unit washer/dryer hookups. Shared laundry facilities are also available across the portfolio. The portfolio's strong occupancy and desirable location near local amenities promise significant rental income and long-term growth potential. One property features 48 units (12 one-bedroom, 36 two-bedroom) in two-story buildings, another has 52 units (8 one-bedroom, 44 two-bedroom) across six buildings, and the third includes 12 townhouses and a mobile home, offering a variety of unit types. This portfolio presents a compelling investment opportunity with immediate cash flow and a solid foundation for future appreciation. The asking price is $8,000,000, representing a price per unit of $70,796.46.