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1027 Caroline Drive

Washington MO 63090

105000 sq. ft.
Multi-Family
Currently for sale - view listing

Overview

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

Features

105000 sq. ft. floor area
Multi-Family

Happy sellers in Washington

94%
94% of sellers in Washington reported that their sale price either exceeded or met their price expectations.

Washington stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 3 reviews in Washington over the last 12 months.

Local market activity for multi families in Washington

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