NEW! Buy and sell safely with virtual options - Learn More
About the Listing B154 - KEVIBECK,FRANJ
Exceptional opportunity to acquire a 17-unit income-producing condominium portfolio in O'Fallon. This stabilized offering includes a diversified mix of one- and two-bedroom residences across multiple phases within Eagle Ridge Condominiums. Currently 16 of 17 units are occupied, with rents generating approximately $233,400 in annual gross income. Several units have been remodeled, enhancing long-term value and tenant appeal. All units feature fireplaces, and select residences offer vaulted ceilings, adding character and desirability. Residents enjoy access to a community pool and clubhouse, supporting strong occupancy and retention. Ideally located just one block from the intersection of Highway 50 and North Greenmount Road with quick access to Interstate 64. The property is less than 20 minutes to Scott Air Force Base and under 30 minutes to downtown St. Louis, positioning it well for consistent rental demand. HOA-managed exteriors help reduce owner maintenance responsibilities, covering exterior building maintenance with the exception of windows and doors. Many roofs, stairways, and siding sections throughout the community have recently been replaced or are currently being updated. Portfolio discount available for full-package acquisition, with additional pricing incentives for multi-unit purchases. Ideal for 1031 exchange buyers or investors seeking scalable residential income in a stable Metro East market. Seller prefers sale of the entire portfolio; however, individual or multi-unit purchases may be considered. A portfolio discount has been applied to the full package listing price.
Listing Highlights
Status
Active
Days on Site
45
Property Type
Multi-Family
MLS ®
26012429
Year Built
1980
Total Square Footage
0
Lot/Acreage
N/A
County
St. Clair
Neighborhood
Eagle Rdg Condos Ph 1 Bldg #16
HOA Dues
7126/Monthly
School District
O Fallon DIST 90
Elementary School
Ofallon Dist 90
Middle School
Ofallon Dist 90
High School
OFallon
Interior Details
- Bedrooms: 3
- Bathrooms: 2 Full
- Appliances:
- Air Cond: Central Air
- Heating: Forced Air
- Fireplaces: 1
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Garage Capacity: 9 car
- Parking Spaces: 10
- Roof: Architectural Shingle
- Others: Balcony
- Sewer:
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: See Supplements
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
% Down Payment
% Mortgage Rate
Questions About..
161-306 Eagle Ridge O'Fallon, IL 62269
Never Miss A New Property
Get notified any time there's a new home on the market in this neighborhood!
Don't worry! We'll never spam you or sell your details. You can unsubscribe whenever you'd like.
Listing Courtesy of -
