- Photos
- 1 of 13
Multifamily For Sale • 129,670 SF
| Two-Asset Portfolio — 163 units in the St. Louis metro offers new ownership immediate scale (available together or separately) |
| Highly Attractive Assumable Financing — Full-term, interest-only Fannie Mae loan at ~75% LTV |
| Proven Value-Add Opportunity — Rents ~$150/unit/month below nearby comps, offering immediate mark-to-market revenue growth |
| Excellent Year-One Returns — mid-8% yield-on-cost in Year 1 that will result in high-teen cash-on-cash returns |
| Extensive Recent Renovations — Recent renovations including upgraded building systems, unit interiors, and community amenities, minimizing near-term r |
| Prime Central St. Louis Location — Central St. Louis locations with excellent connectivity to major employment hubs and job centers |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| UM St. Louis South (Lambert Airport Shiloh-Scott - St. Louis MetroLink (MetroLink)) | 12 min | - | 5.9 mi |
| UM St. Louis North (Lambert Airport Shiloh-Scott - St. Louis MetroLink (MetroLink)) | 12 min | - | 6.3 mi |
| Airport | Drive | Walk | Distance |
| St Louis Lambert International | 15 min | - | 8.4 mi |
| Scott AFB/Midamerica St Louis | 48 min | - | 31.4 mi |
Mitchell Schieber
Newmark
Mitchell Schieber
Newmark
