Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1997
Sq.Footage
N/A
The Cedar Ridge Apartments offer an excellent opportunity for investors seeking stable cash flow, strong returns, and minimal management hassle just outside of St. Louis. This 16-unit community is spread across four well-maintained buildings in Desloge, Missouri, and is consistently fully leased and easy to operate. The building features 2 bedroom units with in unit laundry, all the units have their own porches. The apartments also have central air with mini splits, and there are detached storage units for the apartments on site. With significantly lower expenses for taxes, insurance, and utilities compared to similar properties in the city, this asset stands out for its efficiency and profitability. Located in unincorporated St. Francois County, the property benefits from a landlord-friendly environment with low taxes, minimal red tape with no occupancy inspections. Projected rents of up to $1,000 per unit offer immediate income potential and long-term upside. Whether you're expanding your portfolio or looking for a low-maintenance investment, Cedar Ridge Apartments delivers dependable performance without the typical headaches.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
Central Air
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Vinyl Siding
-
Pool
No
Area & Lot
-
Lot Size(acres)
2.09
-
Property Type
Residential Income
-
Architectural Style
Apartment Style, Low/1-2
Price
-
Sales Price
$1,500,000
-
Tax Amount
$5,787
-
Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
No
School District
-
Elementary School
North County Parkside Elem.
-
Middle School
North Co. Middle
-
High School
North Co. Sr. High
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Location
County
St. Francois
Elementary School
North County Parkside Elem.
Middle School
North Co. Middle
High School
North Co. Sr. High
Listing Courtesy of Jordan Schoen , Invest St. Louis
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