$6,500,000 USD
314-655-6060
HIGHLIGHTS
- Established 50-unit multifamily property located in a quiet tree-lined cul-de-sac in South St. Louis County, Missouri
- Below-market rents allowing immediate value-add for new ownership
- Owners have invested over $500,000 in capital expenditures since 2018, which include new roofing on all buildings, interior and exterior updates, and
- Favorable mix of one and two-bedroom apartment floor plan styles with 60% being 2-bedroom units
- Most units will offer the ability to update and push rents further over a new ownership period
- Strong in-place cash flow with occupancy at 96%
FOR SALE DETAILS
PRICE
$6,500,000 USD
PRICE/SF
$168 USD /SF
# OF UNITS
50
PRICE/UNIT
$130,000
CAP RATE
Request Cap Rate
% LEASED
96%
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Concord Place
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Garden
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
2
YEAR BUILT
1966
PARKING SPACES
85
LAND DETAILS
LAND ACRES
2.09 AC
LAND SF
91,040 SF
ZONING
R7
APN/PARCEL ID
28K-43-0599,28K-43-0601,28K-43-0610,28K-43-0621,28K-43-0632,28K-43-0643,28K-43-0654,28K-43-0665,28K-43-0676,28K-43-0687,28K-43-1062
ASK ABOUT THIS PROPERTY
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314-655-6060
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314-655-6060
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