1027 Caroline Drive, Washington, MO 63090
Other
IDR Rp187,417,027,570
USD $10,500,000
Published on: 17 Jun 2026
Last updated on: 17 Jun 2026
Property ID: 110108820058
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5 Family or More, Apartment Style - Washington, MO
1027 Caroline Drive, Washington, MO 63090
115-unit value-add multifamily portfolio | 8.05% in-place (T3) cap, 9.41% proforma stabilizedStrong unit mix - 80% of units are 2 bedsProven rent-up model: 2/3rds of units renovated, 1/3rd remaining for proven upsideMarket rent spread of at least $137/unit/month across non-renovated unitsHigh growth submarket - Franklin County: 4% vacancy, 2.2% annual population growthDual-asset structure: 89-unit flagship complex and 26-unit garden communityExtremely supply-constrained submarket
Property Details
Basic Info
Outdoor Feature
Basic Info
Property Type
Other
Listing Status
Active
Building Size
9,754.82 m2
Year Built
1974
Architecture Style
Other
Num Floors
2
County
Franklin
Parcel ID
10-7-26.0-2-011-077.001
Provider
Mid America Regional Information Systems, Inc.
Subdivision
Sunrise Valley & Madison Place Apartments
Brokerage Office Name
Salient Realty Group, LLC
Brokerage Office Phone
(314) 374-3687
Neighbourhoods
366 - Washington School
Address
1027 Caroline Drive, Washington, MO 63090
Nearby Schools
| Type | School name | District name |
|---|---|---|
| High | Washington High | Not available |
| Not available | Not available | Not available |
| Elementary | South Point Elem. | Not available |
| Not available | Not available | Not available |
| Middle | Washington Middle | Not available |
| Not available | Not available | Not available |
| Juniorhigh | Washington Middle | Not available |
| Not available | Not available | Not available |
Contact Agent
Garen Lafser
Salient Realty Group, LLC
1000 S. Newstead Ave Ste 2, Saint Louis, MO 63110
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Contact Agent
Contact Agent
Email enquiry to Salient Realty Group, LLC
Garen Lafser
1000 S. Newstead Ave Ste 2, Saint Louis, MO 63110
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Property ID: 110108820058
Original Property ID: 3yd-MARISMO-26038016Data provided by Mid America Regional Information Systems, Inc., MLS #: 26038016
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