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Sunrise and Madison Place Apartments 2 Multifamily Properties Offered at $10,500,000 in Washington, MO
Investment Highlights
- 115-unit value-add multifamily portfolio | 8.05% in-place (T3) cap, 9.41% proforma stabilized
- Proven rent-up model: 2/3rds of units renovated, 1/3rd remaining for proven upside
- High growth, extremely supply-constrained submarket - Franklin County: 4% vacancy, 2.2% annual population growth
- Strong unit mix - 80% of units are 2 beds
- Market rent spread of at least $137/unit/month across non-renovated units
- Dual-asset structure: 89-unit flagship complex and 26-unit garden community
Executive Summary
The offering is a portfolio of two multifamily assets totaling 115 units positioned to function as a single portfolio operation within a 5-10 minute drive in Washington, Missouri. Sunrise Valley Apartments anchors the portfolio with 89 units across a traditional garden-style complex configuration featuring a centralized laundry facility, dedicated playground, and well-maintained common areas that establish a true apartment community environment. Madison Place Apartments is 26 units that are all two-bedroom, one-bath situated in a quiet residential neighborhood surrounded by well-kept single-family homes, and extremely close to Mercy Hospital, providing a great employment base. The portfolio has a strong unit mix with 80% of the units being 2 bedroom units.
Madison Place Apartments were built circa 1974 and Sunrise Valley Apartments were constructed between 1970 and 1990. Both buildings have off-street parking and are a mix of two and three-story buildings. The portfolio's defining characteristic is its established renovation program: approximately two-thirds of the 115 units have been systematically upgraded and are currently commanding proven market rents, while the remaining one-third represent an immediate value-add runway with cosmetic renovations. This completed renovation track record de-risks the execution phase for a new owner acquiring the portfolio on a proforma basis with clear line of sight to stabilized performance across both properties.
Madison Place Apartments were built circa 1974 and Sunrise Valley Apartments were constructed between 1970 and 1990. Both buildings have off-street parking and are a mix of two and three-story buildings. The portfolio's defining characteristic is its established renovation program: approximately two-thirds of the 115 units have been systematically upgraded and are currently commanding proven market rents, while the remaining one-third represent an immediate value-add runway with cosmetic renovations. This completed renovation track record de-risks the execution phase for a new owner acquiring the portfolio on a proforma basis with clear line of sight to stabilized performance across both properties.
Taxes & Operating Expenses (Actual - 2025) Click Here to Access |
Annual |
|---|---|
| Gross Rental Income |
$99,999
|
| Other Income |
$99,999
|
| Vacancy Loss |
$99,999
|
| Effective Gross Income |
$99,999
|
| Taxes |
$99,999
|
| Operating Expenses |
$99,999
|
| Total Expenses |
$99,999
|
| Net Operating Income |
$99,999
|
Taxes & Operating Expenses (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
Property Facts
| Price | $10,500,000 | Number of Properties | 2 |
| Price / SF | $100.00 / SF | Individually For Sale | 0 |
| Cap Rate | 8.05% | Total Building Size | 105,000 SF |
| Sale Type | Investment | Total Land Area | 1.54 AC |
| Status | Active |
| Price | $10,500,000 |
| Price / SF | $100.00 / SF |
| Cap Rate | 8.05% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 105,000 SF |
| Total Land Area | 1.54 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Sunrise Valley Apartments
16 Julie Ridge Ln, Washington, MO 63090 |
Multifamily | 80,000 SF | 1975 | - |
|
Madison Place Apartments
1027 Caroline Dr, Washington, MO 63090 |
Multifamily | 25,000 SF | 1979 | - |
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