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161 Eagle Ridge

O'Fallon IL 62269

10
Multi-Family
Currently for sale - view listing

Overview

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

10 carspaces
1 carport space
9 garage spaces
Multi-Family

Property history for 161 Eagle Ridge

2022
Rented
Undisclosed
13 Jun 2022 by Christone Enterprises, Inc.
2022
Sold
Undisclosed
17 May 2022 by Jeff Franke, of Kunkel Wittenauer Group, Inc

Happy sellers in O'Fallon

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

O'Fallon stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 6 reviews in O'Fallon over the last 12 months.

Local market activity for multi families in O'Fallon

In the last 12 months, 4 multi families similar to 161 Eagle Ridge, have been sold.

This represents a 67% increase in multi families sales when compared to the previous 12 months.

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