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Mitchell Cain

appraiser2002@gmail.com +1(618) 292-7227

$2,000,000

Est. payment - /mo

3,328 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type 2-4 Units

Listing Status Active

Purchase Type For Sale

Square Footage 3,328 sqft

Price per Sqft $600

Subdivision E Johnson

MLS Listing ID 26037206

Style Apartment Style

Year Built 1995

Annual Tax Amount $1,529

Lot Size 0.273 Acres

Acres 0.273

Property Sub-Type 2-4 Units

Property Description

Exceptional opportunity to acquire a 24-unit rental portfolio in Bonne Terre featuring a diverse mix of properties, including one single-family home, duplexes, triplexes, and fourplexes. The portfolio is spread across several streets, including Summit St., E. Johnson St., N. Long St., and D St., providing geographic diversification within the market. Current tenants have been notified of rent increases, with most units moving to $700 per month and one unit currently renting for $850 per month, creating immediate income growth potential. Significant capital improvements have already been completed, including new roofs on all properties and newer siding throughout the portfolio. All properties have been well maintained and are in excellent condition, minimizing deferred maintenance concerns for a new owner. This turnkey investment offers stable cash flow, strong occupancy potential, and the benefit of recent updates, making it an attractive opportunity for investors seeking a well-maintained, income-producing multifamily portfolio.

Location

State MO

County St. Francois

Area 705 - Bonne Terre

Interior

Heating Forced Air

Cooling Central Air

Fireplace N

Exterior

Parking Features false

View Y/N No

Roof Type Architectural Shingle

Private Pool false

Building

Water Public

Structure Type Vinyl Siding

Schools

Elementary Schools Intermediate School

Middle Schools North Co. Middle

High Schools North Co. Sr. High

School District North St. Francois Co. R-I

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Listing As Is

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Listed by Jared Gidney • Gidney Legacy Estates Realty, LLC

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Mitchell Cain

+1(618) 292-7227

Broker | License ID: 475.180028

Broker License ID: 475.180028

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Address not disclosed Bonne Terre, MO 63628

Mitchell Cain

Key Details

Location

Interior

Exterior

Building

Schools

Others

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