201-215 Hyler Drive Farmington, MO 63640
$6,200,000 (Inactive)

Autumn Creek Apartments

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Investment Summary

  • The Autumn Creek Apartments are conveniently located near highway 67, and St. Joe State Park.
  • St. Francois County, MO has a population of 66,700 with a median age of 39.2, a median household income of $46,307, and an average household income of $60,305. The county contains 32,250 housing units.
  • The complex is comprised of 46 one-bedroom apartments and 46 two-bedroom apartments.
  • Market rent for one-bedroom apartments are $725 and $800 for two-bedroom apartments.
  • There is an opportunity to raise rents and add value. If the apartments were raised to market rent based on rent comparable the monthly income
    would increase $16,900 a month and $202,800 annually.
  • The Autumn Creek Apartments have strong historical occupancy with numerous long-term tenants. Farmington has strong occupancy rates which
    will continue with a growing population.
  • The apartments are well maintained and have numerous updates including updated kitchens with open floor plans, porches, new flooring,
    and central air conditioning.
  • There is plenty of parking available for tenants.
  • The complex includes an onsite management office.
  • The property was previously located in a flood zone, the seller’s lender does not require flood insurance for the property.

Property Location

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Property Details:
Square Footage: N/A County: St. Francois County Units: 40+ Condition: Turn Key Occupancy: Some Units Vacant Parking: Parking Lot Heating: Electric Heat Cooling: Central Air Construction: Brick, Siding Basement: N/A
Home Amenities:
  • Some Dishwashers
  • Fridge
  • Stove
  • Washer/Dryer Hookup
  • Carpet
Agent Details:
Agent: Conner Proffer Phone: 573-915-9115 Fax:
Contact Agent: Please use the form below to contact agent Conner Proffer about this listing.

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