Multifamily Property for Sale in Florissant, MO

  • Price: $2.6M
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Florissant, MO 63033

Description

Seven Hills Forest CBRE is pleased to offer for sale Seven Hills Forest Townhomes, a 26-unit condominium community located in Florissant, Missouri. Built in 1984, the Property offers an investor the rare opportunity to acquire a stabilized asset with proven operating performance and tremendous upside potential. Most of the 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 2 and 3 bedroom condominium homes with 2.5 baths. Unit amenities include three floors of living space with 2,400 square feet, fireplaces in most units, full basements with finished entertainment space and utility area with washer/dryer hookups, large closets with extra storage space, and dedicated surface and covered parking. With its strategic location less than 1 mile from I-270, 10 miles from Lambert-St. Louis International Airport and 14.2 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. Seven Hills Forest 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 Florissant, MO is listed for sale at $2,600,000. It has been on the market for 163 days. Compare it against other multifamily listings for sale in Florissant, MO — <a href="/search/sale/multifamily/missouri/florissant">view the full market</a>.

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