7036 Raider Rd Bonne Terre, MO 63628
Estimated payment $16,800/month
Highlights
- No HOA
- Central Heating and Cooling System
- Laundry Facilities
- Balcony
About This Home
Back on the market with 95% occupancy and a highly motivated Seller, Sunshine Apartments presents an exceptional chance to acquire a fully renovated, income-generating 40-unit apartment complex YEAR ONE!
Future-proofed interiors featuring granite countertops, full appliance packages, and durable LPV flooring.
Electric sleeve units for heating and cooling, paired with instant propane-powered hot water heaters.
Solar panels supply approximately 50% of the property’s electricity needs. Majority of units benefit from well water access.
These eco-friendly systems significantly reduce operating expenses, ensuring higher ROI and long-term value.
Current rents include utilities, laundry, and internet. By implementing a $30/month utility surcharge, boosting annual income by $14,400, totaling cash flow to $78,806 annually.
Offered at an 8.4% cap rate with a 7.5% cash-on-cash return.
80% LTV with a 1.29 DSCR—an unparalleled opportunity in today’s market.
Listing Agent
Apartment Advisors of America LLC License #2002012076 Listed on: 07/30/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,293
Year Built
- Built in 1968 | Remodeled
Parking
- Assigned Parking
Home Design
- 98,881 Sq Ft Home
- Brick Exterior Construction
Bedrooms and Bathrooms
- 52 Bedrooms
- 48 Bathrooms
Outdoor Features
- Balcony
Schools
- Intermediate School
- North Co. Middle School
- North Co. Sr. High School
Utilities
- Central Heating and Cooling System
- Dual Heating Fuel
- Well
- Electric Water Heater
Listing and Financial Details
- Assessor Parcel Number 06-40-19-00-000-0019.02
Community Details
Overview
- No Home Owners Association
- 3 Buildings
- 40 Units
- Low-Rise Condominium
Additional Features
- Laundry Facilities
- Net Operating Income $289,922
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/30/2025 07/30/25 | For Sale | $3,250,000 | -- | $33 / Sq Ft |
Source: MARIS MLS
MLS Number: MIS25040077
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