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About the Listing B1003 - PAYND,ROSSJ
Investor Opportunity – 6-Unit Apartment Building | 10% Cap Rate Turnkey multifamily investment offering a 10% cap rate in Millstadt, IL, just 15 minutes from St. Louis County. This 6-unit apartment building is 90% occupied (5 of 6 units leased), providing strong in-place income with upside through lease-up of the remaining unit. Each unit offers 2 spacious bedrooms, 1 full bath, living room, and kitchen with appliances, plus a laundry closet with washer/dryer hookups. The property includes a rear asphalt parking lot for tenant convenience. Financials available to serious Pre-Approved Buyers Only! Recent major capital improvements minimize near-term expenses, including a new roof and 6" gutters installed in 2025 and all windows replaced. Located in a quiet country setting while remaining close to employment centers, retail, and services in the St. Louis metro area, supporting stable tenant demand. An ideal acquisition for investors seeking strong cash flow, solid fundamentals, and minimal deferred maintenance.
Listing Highlights
Status
Active With Contingency
Days on Site
25
Property Type
Multi-Family
MLS ®
26006463
Year Built
1985
Total Square Footage
3,600
Lot/Acreage
0.28
County
St. Clair
Neighborhood
O Station Sub
School District
Belleville DIST 118
Elementary School
Belleville Dist 118
Middle School
Belleville Dist 118
High School
Belleville High School-West
Interior Details
- Bedrooms: 12
- Bathrooms: 6 Full
- Appliances: Range Hood, Electric Range, Refrigerator, Electric Water Heater
- Air Cond: Ceiling Fan(s),Central Air
- Heating: Natural Gas
- Fireplaces:
- Floor: Carpet,Luxury Vinyl
- Above Ground Sq Ft: 3600
- Below Ground Sq Ft: 1800
- Basement: Finished
- Other:
- Water: Public
Exterior Details
- Garage Capacity: N/A
- Parking Spaces: 6
- Roof: Architectural Shingle
- Others: Updated/Remodeled
- Sewer:
- Parking Features: Asphalt
Financial Details
- Tax Amount: $8,310
- Taxes w/Assessments: N/A
- Tax/Property ID: 12-09.0-305-002
- Tax Year: 2024
Payment Calculator
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Questions About..
855 M And O Station Rd Millstadt, IL 62260
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