855 M And O Station Rd, Millstadt, IL 62260
- $500,000
- 3,600
- SqFt
- Sold Price
- $500,000
- List Price
- $520,000
- Closing Date
- Apr 03, 2026
- Days on Market
- 57
- MLS#
- 26006463
- Status
- CLOSED
- Living Sq. Ft
- 3,600
- Lot Size
- 12,196
- Acres
- 0.28
- Year Built
- 1985
- Subdivision
- O Station Sub
- County
- St. Clair
- Listing Type
- Multifamily
Property Description
Investor Opportunity – 6-Unit Apartment Building | 10% Cap Rate Turnkey multifamily investment offering a 10% cap rate in Millstadt, IL, just 15 minutes from St. Louis County. This 6-unit apartment building is 90% occupied (5 of 6 units leased), providing strong in-place income with upside through lease-up of the remaining unit. Each unit offers 2 spacious bedrooms, 1 full bath, living room, and kitchen with appliances, plus a laundry closet with washer/dryer hookups. The property includes a rear asphalt parking lot for tenant convenience. Financials available to serious Pre-Approved Buyers Only! Recent major capital improvements minimize near-term expenses, including a new roof and 6" gutters installed in 2025 and all windows replaced. Located in a quiet country setting while remaining close to employment centers, retail, and services in the St. Louis metro area, supporting stable tenant demand. An ideal acquisition for investors seeking strong cash flow, solid fundamentals, and minimal deferred maintenance.
Additional Information
- School District
- Belleville DIST 118
- Elementary School
- BELLEVILLE DIST 118
- Jr. High School
- BELLEVILLE DIST 118
- Sr. High School
- Belleville High School-West
- Parking Description
- Asphalt
- Cooling
- Ceiling Fan(s), Central Air
- Heating
- Natural Gas
- Water
- Public
- Selling Terms
- Cash, Contract, Conventional
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Listing courtesy of Southern Illinois Realty, LLC. Selling Office: Southern Illinois Realty, LLC.
Listings displaying the MARIS logo are courtesy of the participants of Mid America Regional Information Systems Internet Data Exchange. Information From Third Parties, Deemed Reliable But Not Verified
