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1027 Caroline Dr, Washington, MO 63090

  • $10,500,000

  • —

    bed

  • —

    bath

  • 105,000

    Sqft ($100/Sqft)

Multi-family active under contract 65 days
Movoto is helping 7 homebuyers near you

About 1027 Caroline Dr

Property type Multi-family
Neighborhood
Year built 1974
HOA fee $0/month
Rental estimate
Property description
115-unit value-add multifamily portfolio | 8.05% in-place (T3) cap, 9.41% proforma stabilized Strong unit mix - 80% of units are 2 beds Proven rent-up model: 2/3rds of units renovated, 1/3rd remaining for proven upside Market rent spread of at least $137/unit/month across non-renovated units High growth submarket - Franklin County: 4% vacancy, 2.2% annual population growth Dual-asset structure: 89-unit flagship complex and 26-unit garden community Extremely supply-constrained submarket
Listed by
Listing Agent - Garen Lafser
Listing Office - Salient Realty Group, LLC
Source: MARIS mls logo
MLS#26038016 • last updated 3 weeks ago
Movoto checked MARIS for data 15 minutes ago
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Overview
Cooling/AC Central Air, Wall Unit(s)
Levels/Style Two, Apartment Style, Apartment Building
MLS # 26038016
SubType 5 Family Or More
Living Area (SqFt) 105000
Status Active Under Contract
Year Built 1974
Interior
Exterior
Construction Brick
Location
Area 366 - Washington School
County Franklin
Subdivision Sunrise Valley & Madison Place Apartments
Elementary School South Point Elem.
Middle School Washington Middle
High School District Washington
High School Washington High
APN 10-7-26.0-2-011-077.001
Multifamily Details
Total # Of Buildings 10
Total # of Units 115
Net Operating Income 845305
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5/10
Washington High School
public Grades 9-12
Washington School District
Source: GreatSchools.org © 2026. All rights reserved.

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  • Real Estate
  • MO
  • Franklin County
  • Washington
  • 63090
  • 1027 Caroline Dr

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