Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1980
Sq.Footage
0
Price Improvement!! Exceptional opportunity to acquire a fully-leased, 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, all 17 units are occupied. 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.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Basement YN
NO
-
Cooling YN
YES
-
Cooling
Central Air
-
Fireplace YN
YES
-
Heating YN
YES
-
Heating
Forced Air
-
Pet friendly
N/A
Exterior
-
Garage
Yes
-
Garage spaces
9
-
Construction Materials
Brick, Vinyl Siding
-
Other Exterior Features
Balcony
-
Pool
Yes
-
Pool Features
Fenced, In Ground
-
Waterfront YN
NO
Area & Lot
-
Property Type
Residential Income
-
Property Sub Type
Multi Family
-
Architectural Style
Traditional
Price
-
Sales Price
$1,520,000
-
Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
YES
-
Association Fee
$7,126
-
Association Fee Frequency
Monthly
-
Association Fee Includes
N/A
School District
-
Elementary School
OFALLON DIST 90
-
Middle School
OFALLON DIST 90
-
High School
OFallon
Property Features
-
New Construction
NO
-
Association Amenities
Clubhouse, Parking, Pool
-
Ownership
Private
-
Water Source
Public
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Location
County
St. Clair
Elementary School
OFALLON DIST 90
Middle School
OFALLON DIST 90
High School
OFallon
Listing Courtesy of Kevin Beck , Kunkel Wittenauer Group, Inc
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AGENT
Franko Maric
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