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3646 Illinois Ave
Saint Louis, MO 63118
Concord Apartments · Multifamily Property For Sale
·
38 Units
Investment Highlights
- 38 - 1 bedroom units
- 14 vacant units allow for quick lease-up and NOI growth
- In-place rents ~8% below market - Occupied units are under $700/month, offering built in value-add potential
- Strategic renovations and improved management present a simple value-add opportunity
Property Facts
| No. Units | 38 | Building Size | 23,744 SF |
| Property Type | Multifamily | Average Occupancy | 63% |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Garden | Year Built | 1959 |
| Building Class | C | Parking Ratio | 1.05/1,000 SF |
| Lot Size | 0.90 AC | ||
| Zoning | B, City | ||
| No. Units | 38 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.90 AC |
| Building Size | 23,744 SF |
| Average Occupancy | 63% |
| No. Stories | 1 |
| Year Built | 1959 |
| Parking Ratio | 1.05/1,000 SF |
| Zoning | B, City |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Wheelchair Accessible (Rooms)
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Gated
- Walking/Biking Trails
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 38 | - | 500 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $150,210 | |
| Land Assessment | $14,830 | Total Assessment | $165,040 |
Property Taxes
Parcel Numbers
Land Assessment
$14,830
Improvements Assessment
$150,210
Total Assessment
$165,040
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