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
- $376,000
- Median Listing Price
- 66
- Median Days on Market
- 1,960
- Median Sq Ft
- $200
- Median Price / Sq Ft
- 102
- Active Listings
- This home’s price is 2693% above the area median.
- Its price per sq ft is 50% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Washington, MO.
Location
Points of Interest in Washington, MO
Showing the Washington area map.
Nearby Schools
Our Lady of Lourdes
School · 0.4 mi away
Washington Middle School
Secondary · 0.6 mi away
Washington High School
Secondary · 0.7 mi away
Montessori Day School
Elementary · 0.7 mi away
Four Rivers Career Center
Secondary · 1.1 mi away
South Point Elementary
Elementary · 1.2 mi away
School District of Washington
School · 1.2 mi away
Fifth Street Elementary School
Elementary · 1.4 mi away
Immanuel Lutheran Church
School · 1.4 mi away
St Francis Borgia High School
Secondary · 1.6 mi away
St Francis Borgia Parish
School · 1.6 mi away
Washington Montessori School
Elementary · 2.0 mi away
The Academy Day School
School · 2.2 mi away
Washington West Elementary
Elementary · 2.4 mi away
South Point Elementary
Elementary · 3.3 mi away
St Vincent de Paul School
School · 3.8 mi away
St Gertrude
School · 3.8 mi away
Clearview Elementary
Elementary · 4.4 mi away
Whitegate Montessori Land School
Elementary · 4.6 mi away
St John the Baptist School
Secondary · 5.1 mi away
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Nearby Homes
Moving Cost Estimate
EXIT Agents in Washington
Listing Courtesy: Salient Realty Group, LLC - 3143743687
Presented by: Garen Lafser
2017028802