$10,500,000

1027 Caroline Drive, Washington, MO 63090

  • 105,000 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1974
  • Property Lot Size Icon —— sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $100/sqft
  • Property List Date Icon Listed 1 month ago

Property Description

115-unit value-add multifamily portfolio | 8.05% in-place (T3) cap, 9.41% proforma stabilized Strong unit mix - 80% of units are 2 beds Proven rent-up model: 2/3rds of units renovated, 1/3rd remaining for proven upside Market rent spread of at least $137/unit/month across non-renovated units High growth submarket - Franklin County: 4% vacancy, 2.2% annual population growth Dual-asset structure: 89-unit flagship complex and 26-unit garden community Extremely supply-constrained submarket

Listing Status:
Active
Date Added:
June 15, 2026
Data Last Updated:
July 23, 2026 at 5:18AM
Listing Office:
Salient Realty Group, LLC : 314-374-3687
MLS ID:
26038016
  • A/C: Central AirWall Unit(s)
  • Style: Apartment Style
  • General: BrickTwo
  • Originating MLS: maris2
  • School District: Washington
  • County: Franklin
  • Zoning: 10-7-26.0-2-011-077.001
  • Source: maris2

This listing courtesy of Salient Realty Group, LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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