161-306 Eagle RidgeO'Fallon, IL 62269

Description

Price Improvement!! Exceptional opportunity to acquire a fully-leased, 17-unit income-producing condominium portfolio in O'Fallon. This stabilized offering includes a diversified mix of one- and two-bedroom residences across multiple phases within Eagle Ridge Condominiums. Currently, all 17 units are occupied. Several units have been remodeled, enhancing long-term value and tenant appeal. All units feature fireplaces, and select residences offer vaulted ceilings, adding character and desirability. Residents enjoy access to a community pool and clubhouse, supporting strong occupancy and retention. Ideally located just one block from the intersection of Highway 50 and North Greenmount Road with quick access to Interstate 64. The property is less than 20 minutes to Scott Air Force Base and under 30 minutes to downtown St. Louis, positioning it well for consistent rental demand. HOA-managed exteriors help reduce owner maintenance responsibilities, covering exterior building maintenance with the exception of windows and doors. Many roofs, stairways, and siding sections throughout the community have recently been replaced or are currently being updated. Portfolio discount available for full-package acquisition, with additional pricing incentives for multi-unit purchases. Ideal for 1031 exchange buyers or investors seeking scalable residential income in a stable Metro East market. Seller prefers sale of the entire portfolio; however, individual or multi-unit purchases may be considered. A portfolio discount has been applied to the full package listing price.

Property Information

Property type

Residential Income

Sub-type

Multi Family

Style

Traditional

Year built

1980

Garage spaces

9

Parking spaces

10

Ownership

Private

Days on market

237

MLS^® Listing#

26012429

Property Features

Exterior

Balcony

Cooling

Central Air

Heating

Forced Air

Pool

Fenced · In Ground

Laundry

Main Level

Construction

Brick · Vinyl Siding

Community

Clubhouse · Pool

Water source

Public

Schools

Elementary

OFALLON DIST 90

Middle

OFALLON DIST 90

High

OFallon

Financial Details

HOA

$7,126 / MonthlyAssociation: Eagle Ridge

Parcel number

See Supplements

Directions

GPS friendly. From Interstate 64 take N. Greenmount to the north and pass Highway 50. Turn right on Center Grove Drive.