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Trailblazer Commons 820 Elm St 128 Unit Apartment Building $6,650,000 ($51,953/Unit) 6.76% Cap Rate Godfrey, IL 62035
Investment Highlights
- 126-bed student housing buildings
- Adjacent to the Lewis & Clark Community College campus
- On-site laundry facilities
- Building 1, built in 2014; Building 2, built in 2016
- Fully furnished apartments
- All units include appliances and TVs
Executive Summary
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.
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.
Property Facts
| Price | $6,650,000 | Apartment Style | Low-Rise |
| Price Per Unit | $51,953 | Building Class | C |
| Sale Type | Investment | Lot Size | 4.09 AC |
| Cap Rate | 6.76% | Building Size | 37,422 SF |
| No. Units | 128 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2014 |
| Property Subtype | Apartment | Parking Ratio | 2.41/1,000 SF |
| Price | $6,650,000 |
| Price Per Unit | $51,953 |
| Sale Type | Investment |
| Cap Rate | 6.76% |
| No. Units | 128 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 4.09 AC |
| Building Size | 37,422 SF |
| No. Stories | 3 |
| Year Built | 2014 |
| Parking Ratio | 2.41/1,000 SF |
Amenities
Unit Amenities
- Dishwasher
- Disposal
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- Laundry Facilities
- Furnished Units Available
- Community-Wide WiFi
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 12 | - | 920 |
| 2+2 | 10 | - | 960 |
| 4+2 | 11 | - | 1,400 |
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Property Taxes
| Parcel Number | 24-2-01-23-03-301-023 | Improvements Assessment | $1,299,240 |
| Land Assessment | $15,780 | Total Assessment | $1,315,020 |
Property Taxes
Parcel Number
24-2-01-23-03-301-023
Land Assessment
$15,780
Improvements Assessment
$1,299,240
Total Assessment
$1,315,020
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Trailblazer Commons | 820 Elm St
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