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7036 Raider Road

Bonne Terre, MO 63628
98,881 sqft
$3,500,000
Photo of 7036 Raider Road Bonne Terre MO 63628

Details

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.

Specs

Type Multi-Family
Square Footage 98,881 sqft
Year Built 1968
Taxes Paid $7,293

Lots & Building Features

Construction Brick
Cooling Electric
Heat Source Electric
Heating Dual
Parking Description Space/Unit - 1
Sewer Public Sewer
Tax Year 2024
Water Public, Well
Lot Dimensions 243x272 ft

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Financing

$
20%
0.20837142857143%
6.75%
$
$
$
per month
Principal & Interest
Monthly Taxes
Monthly HOA
Monthly Home Ins.
Monthly PMI

Area

City Bonne Terre
County St Francois
School District North St. Francois Co. R-I
Subdivision Cedartown

Schools

Elementary School North County Parkside Elem.
Junior High School North Co. Middle
Senior High School North Co. Sr. High
Nicholas Smyrniotis, Apartment Advisors of America