Apartment Style,Low/1-2, Residential Income - Park Hills, MO

The Cedar Ridge Apartments offer an excellent opportunity for investors seeking stable cash flow, strong returns, and minimal management hassle just outside of St. Louis. This 16-unit community is spread across four well-maintained buildings in Desloge, Missouri, and is consistently fully leased and easy to operate.

The building features 2 bedroom units with in unit laundry, all the units have their own porches. The apartments also have central air with mini splits, and there are detached storage units for the apartments on site.

With significantly lower expenses for taxes, insurance, and utilities compared to similar properties in the city, this asset stands out for its efficiency and profitability. Located in unincorporated St. Francois County, the property benefits from a landlord-friendly environment with low taxes, minimal red tape with no occupancy inspections.

Projected rents of up t...