Bonne Terre, MO 63628
- $2,000,000
- 3,328
- SqFt
- List Price
- $2,000,000
- Days on Market
- 47
- MLS#
- 26037206
- Status
- ACTIVE
- Living Sq. Ft
- 3,328
- Lot Size
- 11,891
- Acres
- 0.27
- Year Built
- 1995
- Subdivision
- E Johnson
- Municipality
- Bonne Terre
- County
- St. Francois
- Listing Type
- Multifamily
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.
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Additional Information
- School District
- North St. Francois Co. R-I
- Elementary School
- Intermediate School
- Jr. High School
- North Co. Middle
- Sr. High School
- North Co. Sr. High
- Parking Description
- Off Street
- Cooling
- Central Air
- Heating
- Forced Air
- Water
- Public
- Selling Terms
- Cash, Conventional
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Listing courtesy of Gidney Legacy Estates Realty, LLC.
Listings displaying the MARIS logo are courtesy of the participants of Mid America Regional Information Systems Internet Data Exchange. Information From Third Parties, Deemed Reliable But Not Verified
