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11542-11556 Concord Village Ave
Saint Louis, MO 63128 Concord

$6,400,000 USD

Apartments For Sale • 38,772 SF

Property Details

Property Type Apartments
Total Building Size 36,537 SF
Lot Size 2.09 AC
Building Class C
Year Built 1966
Zoning R7

0 Transit Score

60 Walk Score

                
                    Highlights
                
                                Established 50-unit multifamily property located in a quiet tree-lined cul-de-sac in South St. Louis County, Missouri
                            
                                Below-market rents allowing immediate value-add for new ownership
                            
                                Owners have invested over $500,000 in capital expenditures since 2018, which include new roofing on all buildings, interior and exterior updates, and 
                            
                                Favorable mix of one and two-bedroom apartment floor plan styles with 60% being 2-bedroom units
                            
                                Most units will offer the ability to update and push rents further over a new ownership period
                            
                                Strong in-place cash flow with occupancy at 96%

Amenities

Air Conditioning
Balcony
Cable Ready
Dishwasher
Disposal
Laundry Facilities
Storage Space
Washer/Dryer Hookup
Heating
Ceiling Fans
Kitchen
Hardwood Floors
High Speed Internet Access
Refrigerator
Range
Patio

Public Transportation

Commuter Rail	Drive	Walk	Distance
Kirkwood Amtrak Station (Lincoln Service Missouri River Runner - Amtrak, Missouri River Runner - Amtrak)	13 min	-	5.7 mi
Shrewsbury-Lansdowne (Shrewsbury-Lansdowne I-44 Emerson Park - St. Louis MetroLink (MetroLink))	13 min	-	6.5 mi
Airport	Drive	Walk	Distance
St Louis Lambert International	31 min	-	19.2 mi
Scott AFB/Midamerica St Louis	57 min	-	40.6 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	85
Type:	Surface
Included in Rent:	Yes

Matt Bukhshtaber 314-655-6060 CBRE

11542-11556 Concord Village Ave Saint Louis, MO 63128 Concord