$500,000
$520,000
3.8%For more information regarding the value of a property, please contact us for a free consultation.
3,600 SqFt
SOLD DATE : 04/03/2026
Key Details
Sold Price $500,000
Property Type Multi-Family
Sub Type 5 Family or More
Listing Status Sold
Purchase Type For Sale
Square Footage 3,600 sqft
Price per Sqft $138
Subdivision O Station Sub
MLS Listing ID 26006463
Style Apartment Style
Year Built 1985
Annual Tax Amount $8,310
Lot Size 0.280 Acres
Property Sub-Type 5 Family or More
Property Description
Investor Opportunity – 6-Unit Apartment Building | 10% Cap Rate
Turnkey multifamily investment offering a 10% cap rate in Millstadt, IL, just 15 minutes from St. Louis County. This 6-unit apartment building is 90% occupied (5 of 6 units leased), providing strong in-place income with upside through lease-up of the remaining unit.
Each unit offers 2 spacious bedrooms, 1 full bath, living room, and kitchen with appliances, plus a laundry closet with washer/dryer hookups. The property includes a rear asphalt parking lot for tenant convenience.
Financials available to serious Pre-Approved Buyers Only!
Recent major capital improvements minimize near-term expenses, including a new roof and 6" gutters installed in 2025 and all windows replaced. Located in a quiet country setting while remaining close to employment centers, retail, and services in the St. Louis metro area, supporting stable tenant demand.
An ideal acquisition for investors seeking strong cash flow, solid fundamentals, and minimal deferred maintenance.
Location
State IL
County St. Clair
Interior
Heating Natural Gas
Cooling Ceiling Fan(s), Central Air
Flooring Carpet, Luxury Vinyl
Laundry In Unit
Exterior
Parking Features false
Utilities Available Cable Available
View Y/N No
Roof Type Architectural Shingle
Building
Water Public
Structure Type Vinyl Siding
Schools
Elementary Schools Belleville Dist 118
Middle Schools Belleville Dist 118
High Schools Belleville High School-West
School District Belleville Dist 118
Others
Acceptable Financing Cash, Contract, Conventional
Listing Terms Cash, Contract, Conventional
Special Listing Condition Standard
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Bought with Judy Ross
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