161-306 Eagle Ridge, O'fallon, IL 62269

Property Description

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 15 of 17 units are occupied with rents at or slightly above market, generating $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 Status:

Active

Date Added:

March 7, 2026

Data Last Updated:

March 28, 2026 at 4:19AM

Listing Office:

Kunkel Wittenauer Group, Inc : 618-632-8200

MLS ID:

26012429

Interior

• Laundry: Main Level
• A/C: Central Air
• Heating: Forced Air
• Fireplace: FireplaceFireplaces: 1

Exterior

• General: Balcony
• Style: Traditional
• Pool: FencedIn Ground
• Parking: Parking spaces: 10

Construction

• Roofing: Architectural Shingle
• General: BrickVinyl SidingTraditional

Location

• HOA Amenities: ClubhouseCommon GroundParkingPoolClubhouseMaintenance GroundsCommon Area MaintenanceExterior MaintenancePool MaintenanceManagementPoolRoofSnow Removal7126.0Monthly
• Originating MLS: maris2
• School District: O Fallon DIST 90
• County: St. Clair

Lot

• Zoning: See Supplements

Utilities

• Utilities: Ameren
• Water: Public

Financial

• Source: maris2
• Ownership: Private