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Sunshine Apartments 7036 Raider Rd
40 Unit Apartment Building $3,700,000 ($92,500/Unit) 8% Cap Rate Bonne Terre, MO 63628
Investment Highlights
- Forward thinking renovation with upgrade materials and solar panel energy mitigates utility expenses
- On demand water heaters, new windows
- Everything is new from the roof down
Property Facts
| Price | $3,700,000 | Apartment Style | Low Rise |
| Price Per Unit | $92,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 2.28 AC |
| Cap Rate | 8% | Building Size | 30,151 SF |
| Gross Rent Multiplier | 8.72 | Average Occupancy | 95% |
| No. Units | 40 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1968/2024 |
| Property Subtype | Apartment | Parking Ratio | 1.1/1,000 SF |
| Price | $3,700,000 |
| Price Per Unit | $92,500 |
| Sale Type | Investment |
| Cap Rate | 8% |
| Gross Rent Multiplier | 8.72 |
| No. Units | 40 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 2.28 AC |
| Building Size | 30,151 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built/Renovated | 1968/2024 |
| Parking Ratio | 1.1/1,000 SF |
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 9 | $925.00 | 815 |
| 2+2 | 7 | $975.00 | 919 |
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PROPERTY TAXES
| Parcel Number | 06-40-19-00-000-0019.02 | Improvements Assessment | $122,880 |
| Land Assessment | $11,910 | Total Assessment | $134,790 |
PROPERTY TAXES
Parcel Number
06-40-19-00-000-0019.02
Land Assessment
$11,910
Improvements Assessment
$122,880
Total Assessment
$134,790
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Sunshine Apartments | 7036 Raider Rd
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