1027 Caroline Drive Washington, MO 63090
PRICED AT $10,500,000
Listing Details
- $10,500,000
- MLS# 26038016
- Type Multi Unit - Multiple
- Status Active
- 105,000 Square Feet
- 1974 Year Built
- Washington Local Schools
Description
115-unit value-add multifamily portfolio | 8.05% in-place (T3) cap, 9.41% proforma stabilizedStrong unit mix - 80% of units are 2 bedsProven rent-up model: 2/3rds of units renovated, 1/3rd remaining for proven upsideMarket rent spread of at least $137/unit/month across non-renovated unitsHigh growth submarket - Franklin County: 4% vacancy, 2.2% annual population growthDual-asset structure: 89-unit flagship complex and 26-unit garden communityExtremely supply-constrained submarket
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All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 06/19/2026. The listing information on this page last changed on 06/19/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Fri 06/19/2026 3:03:26 AM EST) or MARIS MLS (last updated Fri 06/19/2026 12:11:36 AM EST). Real estate listings held by brokerage firms other than RedKey Realty Leaders may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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