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Falling Springs Residences 3503 Falling Springs Rd 11 Unit Apartment Building $528,000 ($48,000/Unit) 10.16% Cap Rate Cahokia, IL 62206
INVESTMENT HIGHLIGHTS
- In 2025 the units are now renting for $975 per month.
- Tenants have been screened.
- Located in a quiet area.
- 10 minute drive from Downtown St. Louis, MO.
EXECUTIVE SUMMARY
2 apartment buildings on same parcel. Front building has 4-units and back building has 7-units. The front building has (1) unit that is a studio and (1) unit that is a 1 Bedrooms. The remaining (9) units are all 2 Bedrooms 1 Bathroom. Asking monthly rent rate of $975 for units rented in 2025.
91% occupancy. (4) of the units have recently been turned over with tenants paying $959 - $975 per month. Landlord pays water, sewer, and trash. Tenants pay electricity. Located on a quiet strech along Falling Springs Road in Cahokia Heights, IL. Just 10 minute from downtown St. Louis and famous Arch. (9) 2 Bed 2 Bath (1) 1 Bed 1 Bath (1) Studio.
91% occupancy. (4) of the units have recently been turned over with tenants paying $959 - $975 per month. Landlord pays water, sewer, and trash. Tenants pay electricity. Located on a quiet strech along Falling Springs Road in Cahokia Heights, IL. Just 10 minute from downtown St. Louis and famous Arch. (9) 2 Bed 2 Bath (1) 1 Bed 1 Bath (1) Studio.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $528,000 | Building Class | C |
| Price Per Unit | $48,000 | Lot Size | 0.70 AC |
| Sale Type | Investment | Building Size | 7,473 SF |
| Cap Rate | 10.16% | Average Occupancy | 91% |
| No. Units | 11 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1985/2022 |
| Property Subtype | Apartment | Parking Ratio | 1.87/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | Multi-Family/Dwelling - Residential Apartments | ||
| Price | $528,000 |
| Price Per Unit | $48,000 |
| Sale Type | Investment |
| Cap Rate | 10.16% |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.70 AC |
| Building Size | 7,473 SF |
| Average Occupancy | 91% |
| No. Stories | 2 |
| Year Built/Renovated | 1985/2022 |
| Parking Ratio | 1.87/1,000 SF |
| Zoning | Multi-Family/Dwelling - Residential Apartments |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Ceiling Fans
- Eat-in Kitchen
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Carpet
SITE AMENITIES
- PATH
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 1 | - | - |
| 1+1 | 1 | - | - |
| 2+1 | 9 | $975.00 | 700 |
1 1
PROPERTY TAXES
| Parcel Number | 01-35.0-203-017 | Total Assessment | $61,203 |
| Land Assessment | $3,547 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $57,656 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
01-35.0-203-017
Land Assessment
$3,547
Improvements Assessment
$57,656
Total Assessment
$61,203
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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Falling Springs Residences | 3503 Falling Springs Rd
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