Multifamily Property for Sale in Hazelwood, MO

  • Price: $5.3M
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Hazelwood, MO 63042

Description

Morningside Condominiums CBRE is pleased to offer for sale Morningside Condominiums, a 66-unit apartment community located in St. Louis, Missouri. Built in 1967, the Property offers an investor the rare opportunity to acquire a well-maintained stabilized asset with proven operating performance and tremendous upside potential. Most units are in classic or near classic condition, allowing new ownership the opportunity to push rents through further continued unit upgrades or increasing in-place rents to market rate. The Property features a mix of 1 bedroom, 1 bath and 2 bedroom, 1.5 bath apartment homes. Unit amenities include fully-equipped kitchens with double wall ovens, linen closets, newer windows, private patios, and full basements, each designed with finished entertainment space, and utility area with washer/dryer hookups. With its strategic location just half a mile from I-270, 5.5 miles from Lambert-St. Louis International Airport and 15 miles from downtown St. Louis, this property offers easy access to the city’s cultural and recreational attractions, making it an ideal investment opportunity in the St. Louis MSA. Morningside Condominiums is part of a larger 344 total unit, five property portfolio. Properties can be purchased individually or as a portfolio.

Market Context

This multifamily in Hazelwood, MO is listed for sale at $5,280,000. It has been on the market for 163 days. Compare it against other multifamily listings for sale in Hazelwood, MO — <a href="/search/sale/multifamily/missouri/hazelwood">view the full market</a>.

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