7036 Raider Road

Bonne Terre, MO 63628

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.

Listing courtesy of Apartment Advisors of America


Based on information submitted to the MLS GRID as of 2024-10-30 12:00 AM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.