BEDS0
BATHS
SQUARE FEET3,600
MLS#26006463
STATUSActive Under Contract
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONO Station Sub
SCHOOLBelleville DIST 118
Property Description
Investor Opportunity - 6-Unit Apartment Building | 10% Cap RateTurnkey 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.
Property Features
Property Type: Multi Unit - Multiple
Basement: Finished
Basement: Yes
Cooling: Ceiling Fan(s), Central Air
Heating: Natural Gas
Home Style: Apartment Style
Lot Size: 0.28 Acres
Roof Type: Architectural Shingle
Taxes: $8,310
Year Built: 1985
Feature Descriptions
Appliances: Range Hood, Electric Range, Refrigerator, Electric Water Heater
Days on Site: 27
Exterior: Vinyl Siding
Laundry: In Unit
Parcel#: 12-09.0-305-002
Parking: Asphalt
Parking Notes: Asphalt
SQFT. Above Grade: 3600
SQFT. Below Grade: 1800
Units: 6
Water: Public
Local Schools
High School: Belleville High School-West
Middle School: BELLEVILLE DIST 118
Elementary School: BELLEVILLE DIST 118
School District: Belleville DIST 118
Listed By / Shown By
Listed By
Agency Name: Southern Illinois Realty, LLC
Shown By
Agent Name: Dawn Tomko
Agent Phone:
Agency Title: Strano & Associates
Estimate Your Payment
Estimated Payment
$ 2,001.46 per month $1,157.29 Principal & Interest $692.50 Property Tax $151.67 Homeowner's Insurance
855 M And O Station Road | MLS# 26006463
This multi-family property located at 855 M And O Station Road, Millstadt, IL 62260 is currently listed for sale with an asking price of $520,000. M And O Station Road is located within the Belleville DIST 118 school district. Search Millstadt real estate on dtomko.strano.com today.