1027 Caroline DR Washington, MO 63090 Active Under Contract
UPDATED: 07/30/2026 03:04 PM ON MARKET: 49 days on market
$10,500,000
105,000 SqFt
Key Details
Property Type Multi-Family
Sub Type 5 Family or More
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 105,000 sqft
Price per Sqft $100
Subdivision Sunrise Valley & Madison Place Apartments
MLS Listing ID 26038016
Style Apartment Style
Year Built 1974
Property Sub-Type 5 Family or More
Property Description
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
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