Sunrise and Madison Place Apartments
Washington, MO

$10,500,000 USD

Multifamily For Sale • 105,000 SF

2 Properties View all

Property Details

Property Type Multifamily

10 Walk Score

                
                    Highlights
                
                                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, extremely supply-constrained submarket - Franklin County: 4% vacancy, 2.2% annual population growth
                            
                                Dual-asset structure: 89-unit flagship complex and 26-unit garden community