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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
Trailblazer Commons presents a unique investment opportunity in the heart of Godfrey, Illinois. This purpose-built student housing community is ideally positioned adjacent to Lewis & Clark Community College, providing consistent tenant demand and strong occupancy potential. Comprising two modern apartment buildings with a combined total of 131 beds, the property delivers a turnkey operation with fully furnished units, complete appliance packages, and flat-screen TVs included in every residence.
The offering consists of solid construction completed in 2014 and 2016, ensuring minimal near-term capital expenditure. Complementing the residences, common-area amenities include on-site laundry facilities and well-designed study and social spaces, creating a functional and appealing living environment.
Located just six miles from Alton and benefiting from convenient access to major routes like Godfrey Road and Illinois Highway 255, the property is well-situated for students and commuters alike. At an asking price of $6,650,000, this asset offers investors an opportunity to own a stable income-producing property supported by strong demographics and proximity to a growing educational hub.
The offering consists of solid construction completed in 2014 and 2016, ensuring minimal near-term capital expenditure. Complementing the residences, common-area amenities include on-site laundry facilities and well-designed study and social spaces, creating a functional and appealing living environment.
Located just six miles from Alton and benefiting from convenient access to major routes like Godfrey Road and Illinois Highway 255, the property is well-situated for students and commuters alike. At an asking price of $6,650,000, this asset offers investors an opportunity to own a stable income-producing property supported by strong demographics and proximity to a growing educational hub.
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 | 2016 |
| 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 | 2016 |
| 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 |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 24-2-01-23-03-301-023 | Improvements Assessment | $1,389,670 |
| Land Assessment | $16,880 | Total Assessment | $1,406,550 |
Property Taxes
Parcel Number
24-2-01-23-03-301-023
Land Assessment
$16,880
Improvements Assessment
$1,389,670
Total Assessment
$1,406,550
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Trailblazer Commons | 820 Elm St
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