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6466 White Cap Ln - 75-Unit Condominium Portfolio 31 Unit Apartment Building Offered at $5,300,000 Florissant, MO 63033
Executive Summary
A rare opportunity to acquire a diversified portfolio of 75 condominiums strategically located across North St. Louis County. This well-performing portfolio offers consistent cash flow, stable tenancy, and strong capitalization potential for both seasoned and first-time multifamily investors.
Portfolio Composition: 75 condominiums across five municipalities: Hazelwood, Florissant, Bridgeton, Ferguson, and Unincorporated St. Louis County.
Asking Price: $5,300,000
Current Performance: $70,000 a door, the monthly income is $77,000 at full occupancy with an estimated cap rate exceeding 9.5%.
Lease-to-Own Program: 31 units operate under a unique model where tenants gain partial LLC ownership, granting full condo ownership after 15 years of continuous payments. Tenants cover HOA fees and partial maintenance, minimizing owner obligations.
Maintenance Advantage: HOA-managed exteriors reduce maintenance expenses and preserve community-wide property value.
Portfolio Composition: 75 condominiums across five municipalities: Hazelwood, Florissant, Bridgeton, Ferguson, and Unincorporated St. Louis County.
Asking Price: $5,300,000
Current Performance: $70,000 a door, the monthly income is $77,000 at full occupancy with an estimated cap rate exceeding 9.5%.
Lease-to-Own Program: 31 units operate under a unique model where tenants gain partial LLC ownership, granting full condo ownership after 15 years of continuous payments. Tenants cover HOA fees and partial maintenance, minimizing owner obligations.
Maintenance Advantage: HOA-managed exteriors reduce maintenance expenses and preserve community-wide property value.
Property Facts
| Price | $5,300,000 | Property Type | Multifamily |
| Price Per Unit | $170,968 | Lot Size | 5.59 AC |
| Sale Type | Investment | Building Size | 999,999 SF |
| Sale Condition | Bulk/Portfolio Sale | No. Stories | 2 |
| No. Units | 31 | Year Built | 1981 |
| Price | $5,300,000 |
| Price Per Unit | $170,968 |
| Sale Type | Investment |
| Sale Condition | Bulk/Portfolio Sale |
| No. Units | 31 |
| Property Type | Multifamily |
| Lot Size | 5.59 AC |
| Building Size | 999,999 SF |
| No. Stories | 2 |
| Year Built | 1981 |
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Property Taxes
| Parcel Number | 07F-51-0236 | Improvements Assessment | $15,960 |
| Land Assessment | $3,080 | Total Assessment | $19,040 |
Property Taxes
Parcel Number
07F-51-0236
Land Assessment
$3,080
Improvements Assessment
$15,960
Total Assessment
$19,040
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6466 White Cap Ln - 75-Unit Condominium Portfolio
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