820 Elm St - Apartments FOR SALE


Godfrey, IL 62035
$6,995,000 USD
314-994-4444
820 Elm St, Godfrey, IL for Sale
$6,995,000 USD
Apartments - FOR SALE
1/7
null | 6.2% Cap Rate

820 Elm St
Godfrey, IL 62035


HIGHLIGHTS

  • 126-bed student housing buildings
  • Building 1, built in 2014; Building 2, built in 2016
  • Adjacent to the Lewis & Clark Community College campus
  • Fully furnished apartments
  • On-site laundry facilities
  • All units include appliances and TVs

OVERVIEW

For Sale: Student Housing Investment Opportunity Near Lewis & Clark Community College in the St. Louis MSA. Two fully furnished student housing apartment buildings located adjacent to the Lewis & Clark Community College campus. Offering a total of 126 beds, each unit comes equipped with appliances and TVs. The property features on-site laundry facilities and is ideally situated for strong rental demand in a prime student housing market.

FOR SALE DETAILS

PRICE

$6,995,000 USD

PRICE/SF

$187 USD /SF

# OF UNITS

33

PRICE/UNIT

$211,970

CAP RATE

6.2%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Trailblazer Commons

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2014

PARKING SPACES

90

LAND DETAILS

LAND ACRES

4.09 AC

LAND SF

178,160 SF

ZONING

-

APN/PARCEL ID

24-2-01-23-03-301-023

ASK ABOUT THIS PROPERTY

Tony SalernoNAI DESCOMore Info
314-994-4444

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Tony SalernoNAI DESCOMore Info
314-994-4444

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.