Stonebridge Meadows | 601 Wallace Rd
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Stonebridge Meadows 601 Wallace Rd
68 Unit Apartment Building For Sale Farmington, MO 63640
Executive Summary
Colliers is pleased to present Stonebridge Meadows, a 68-unit with 2 single family houses situated in the highly attractive and growing market of Farmington, MO. Constructed in 1985, the property boasts a mix of 1-,2- and 3-bedroom units featuring modern finishes, setting it apart in the limited Farmington market.
Stonebridge Meadows generates $190/night in extra income through Airbnb rentals in one of the single family homes. The other signle family home is currenlty leased to a long term tenant paying $2,000 a month. Achieving a 94% occupancy rate in a market largely dominated by homeowners proves the strong demand for quality rental options in Farmington.
Conveniently situated near recreational activities, entertainment options, and major highways, Stonebridge Meadows provides residents with upscale living and easy access to amenities with the opportunity for organic rent growth.
Reach out to Conner Proffer at conner.proffer@colliers.com for more details.
Stonebridge Meadows generates $190/night in extra income through Airbnb rentals in one of the single family homes. The other signle family home is currenlty leased to a long term tenant paying $2,000 a month. Achieving a 94% occupancy rate in a market largely dominated by homeowners proves the strong demand for quality rental options in Farmington.
Conveniently situated near recreational activities, entertainment options, and major highways, Stonebridge Meadows provides residents with upscale living and easy access to amenities with the opportunity for organic rent growth.
Reach out to Conner Proffer at conner.proffer@colliers.com for more details.
Property Facts
| Sale Type | Investment | Lot Size | 4.89 AC |
| No. Units | 68 | Building Size | 50,094 SF |
| Property Type | Multifamily | Average Occupancy | 96% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1985 |
| Building Class | C | Parking Ratio | 1.93/1,000 SF |
| Sale Type | Investment |
| No. Units | 68 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 4.89 AC |
| Building Size | 50,094 SF |
| Average Occupancy | 96% |
| No. Stories | 2 |
| Year Built | 1985 |
| Parking Ratio | 1.93/1,000 SF |
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Storage Space
- Heating
- Kitchen
- High Speed Internet Access
Site Amenities
- Laundry Facilities
- Picnic Area
- Pool
- Property Manager on Site
- Basketball Court
- Sundeck
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 47 | - | 435 - 680 |
| 2+1 | 12 | - | 680 |
| 2+1.5 | 8 | - | 960 |
| 4+1.5 | 1 | - | 2,562 |
PROPERTY TAXES
| Parcel Number | 09-70-25-00-000-0008.01 | Improvements Assessment | $309,100 |
| Land Assessment | $16,890 | Total Assessment | $325,990 |
PROPERTY TAXES
Parcel Number
09-70-25-00-000-0008.01
Land Assessment
$16,890
Improvements Assessment
$309,100
Total Assessment
$325,990
Contacts
-
Conner Proffer -
Kate Thurman -
Tyler Hague -
Greg Russell -
Lauren Stoliar -
Colliers
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Stonebridge Meadows | 601 Wallace Rd
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