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Auction - Trinity Park | 490 Units | 38% Occ. 11065 Dunklin Dr 490 Unit Apartment Building $3,750,000 ($7,653/Unit) Saint Louis, MO 63138
INVESTMENT HIGHLIGHTS
- STARTING BID $3,750,000 | Trinity Park Apartments | 490 Units | 38.7% Occupied | AUCTION FEBRUARY 16-18
- Affordable Program Profile: LIHTC (Section 42) in service 2007/2008 and expires 2037/2038. 436 units restricted at =60% AMI
- Community Amenities & Ops: Clubhouse, pool, fitness, tennis, picnic/BBQ area, laundry, elevator, on-site management/maintenance; tenant-paid: cable
- Scale & Site: 490 units across 34 buildings totaling ±372,360 SF on ±24.08 acres with a mix of 285 one-bedrooms and 205 two-bedrooms
- Lease-Up / Value-Add: 38.7% occupancy; T-12 average rent ±$610 with 2024 60% AMI rent caps of $972 (1BR) / $1,209 (2BR) providing headroom
- Location & Demand Drivers: 13 miles north of Downtown St. Louis, 14 miles to Lambert Int’l Airport; quick access to I-270 & Route 367; near St. Louis
EXECUTIVE SUMMARY
Marcus & Millichap is pleased to offer Trinity Park Apartments, a 490-unit LIHTC and Section 8 multifamily community on ±24.08 acres in North St. Louis. The asset presents a clear lease-up/value-add story: physical occupancy is ±38.7%, average in-place rents are ±$610, and 2024 60% AMI caps allow higher achievable rents within program guidelines.
Comprised of 34 buildings, the Property offers a desirable mix of 285 one-bedroom apartments and 205 two-bedroom apartments. Community amenities include a clubhouse, pool, fitness, picnic area, tennis, laundry, elevator, and on-site management. The portfolio benefits from LIHTC compliance through 2037/2038, 102 units HUD Section 8 Project Based Rental Assistance, and a 20-year Option 2 renewal (effective 2025), providing income stability and mission alignment. Trinity Park Apartments is located 13 miles from Downtown St. Louis with access to Interstate 270/Route 367, major employers, and the forthcoming Saint Louis Zoo Wildcare Park.
Comprised of 34 buildings, the Property offers a desirable mix of 285 one-bedroom apartments and 205 two-bedroom apartments. Community amenities include a clubhouse, pool, fitness, picnic area, tennis, laundry, elevator, and on-site management. The portfolio benefits from LIHTC compliance through 2037/2038, 102 units HUD Section 8 Project Based Rental Assistance, and a 20-year Option 2 renewal (effective 2025), providing income stability and mission alignment. Trinity Park Apartments is located 13 miles from Downtown St. Louis with access to Interstate 270/Route 367, major employers, and the forthcoming Saint Louis Zoo Wildcare Park.
PROPERTY FACTS
| Price | $3,750,000 | Building Class | B |
| Price Per Unit | $7,653 | Lot Size | 9.91 AC |
| Sale Type | Investment | Building Size | 372,360 SF |
| No. Units | 490 | Average Occupancy | 39% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1970 |
| Apartment Style | Garden | ||
| Zoning | R6 | ||
| Price | $3,750,000 |
| Price Per Unit | $7,653 |
| Sale Type | Investment |
| No. Units | 490 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 9.91 AC |
| Building Size | 372,360 SF |
| Average Occupancy | 39% |
| No. Stories | 3 |
| Year Built | 1970 |
| Zoning | R6 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Property Manager on Site
- Walking/Biking Trails
- Public Transportation
- Walk-Up
- Smoke Detector
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PROPERTY TAXES
| Parcel Number | 10D-43-0242 | Improvements Assessment | $949,540 |
| Land Assessment | $395,200 | Total Assessment | $1,344,740 |
PROPERTY TAXES
Parcel Number
10D-43-0242
Land Assessment
$395,200
Improvements Assessment
$949,540
Total Assessment
$1,344,740
CONTACTS
-
Adam Sklaver -
Ryan Engle -
Philip Kates -
Andrean Angelov -
Aaron Kuroiwa -
Kyle Hynes -
Dave Saverin -
Marcus & Millichap
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Auction - Trinity Park | 490 Units | 38% Occ. | 11065 Dunklin Dr
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