Autumn Creek Apartments

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.