314-655-6060
1151 Roger Ave, Swansea, IL for Sale
Apartments - FOR SALE
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1151 Roger Ave
Swansea, IL 62226


HIGHLIGHTS

  • Established 121-unit garden-style apartment complex located in Swansea, Illinois
  • Approximately 50% of the units have been updated achieving a $70 average rent increase allowing new ownership to complete upgrades and push rents
  • Favorable mix of one and two bedroom units which appeal to a diverse and sophisticated variety of residents
  • Strong in-place cashflow with occupancy currently residing at 95%
  • Excellent 3-mile demographics with the Average Home Value being $217,601 and the Average Household Income being $88,493
  • Five miles from I-64 providing residents access to all major employment centers, retail and entertainment amenities in the St. Louis Metro area

OVERVIEW

CBRE, as exclusive marketing advisor, is pleased to present the opportunity to acquire Willow Park (“the Property”), a 121-unit, garden-style apartment community situated on 5.03 acres in Swansea, Illinois. Constructed in 1987, the residential property includes 85,102 square feet of rental space with a mix of one and two bedroom units. Willow Park Apartment Homes is nestled in a beautiful neighborhood in Swansea, Illinois with professionally landscaped and maintained grounds. The Property is located just off 161 and just 5 miles from I-64, providing excellent access to the greater St. Louis region. Swansea, Illinois is a village located in St. Clair County, part of the Greater St. Louis MSA. It has a population of approximately 13,000 residents and is known for its suburban feel, community amenities, and proximity to urban services. Swansea is centered between Fairview Heights to the north and Belleville to the south. This is a vibrant area with a range of recreational options, shopping centers, and dining establishments, including St. Clair Square Mall, a 1,084,898 sq. ft. shopping center which is just 5 miles from Willow Park. Willow Park is being sold with an attractive assumable debt of 3.80%. A call for offers date will be announced during marketing. Willow Park is being sold with an attractive assumable debt of 3.80%. A call for offers date will be announced during marketing. Willow Park is part of a larger 4-property, 504-unit portfolio. Properties can be purchased individually or as a portfolio.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

121

CAP RATE

Request Cap Rate

% LEASED

97%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Willow Park Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1978

PARKING SPACES

122

LAND DETAILS

LAND ACRES

2.85 AC

LAND SF

124,146 SF

ZONING

R2

APN/PARCEL ID

08-16.0-106-050,08-16.0-106-052,08-16.0-106-053,08-16.0-106-054,08-16.0-106-057

ASK ABOUT THIS PROPERTY

314-655-6060

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314-655-6060

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