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Concord Place 11542-11556 Concord Village Ave 50 Unit Apartment Building $6,400,000 ($128,000/Unit) Saint Louis, MO 63128
INVESTMENT HIGHLIGHTS
- Established 50-unit multifamily property located in a quiet tree-lined cul-de-sac in South St. Louis County, Missouri
- Owners have invested over $500,000 in capital expenditures since 2018, which include new roofing on all buildings, interior and exterior updates, and
- Most units will offer the ability to update and push rents further over a new ownership period
- Below-market rents allowing immediate value-add for new ownership
- Favorable mix of one and two-bedroom apartment floor plan styles with 60% being 2-bedroom units
- Strong in-place cash flow with occupancy at 96%
EXECUTIVE SUMMARY
50 Unit Value-Add Multifamily Opportunity in Desirable South County (St. Louis MSA)
DATA ROOM Click Here to Access
PROPERTY FACTS
| Price | $6,400,000 | Building Class | C |
| Price Per Unit | $128,000 | Lot Size | 2.09 AC |
| Sale Type | Investment | Building Size | 36,537 SF |
| No. Units | 50 | Average Occupancy | 96% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1966/2018 |
| Apartment Style | Garden | Parking Ratio | 2.33/1,000 SF |
| Zoning | R7 | ||
| Price | $6,400,000 |
| Price Per Unit | $128,000 |
| Sale Type | Investment |
| No. Units | 50 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 2.09 AC |
| Building Size | 36,537 SF |
| Average Occupancy | 96% |
| No. Stories | 2 |
| Year Built/Renovated | 1966/2018 |
| Parking Ratio | 2.33/1,000 SF |
| Zoning | R7 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Storage Space
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Kitchen
- Hardwood Floors
- High Speed Internet Access
- Refrigerator
- Range
- Patio
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 20 | - | 640 |
| 2+1 | 30 | - | 750 |
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Concord Place | 11542-11556 Concord Village Ave
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