Multifamily Property for Sale in St. Louis, MO

  • Price: $7.1M
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: St. Louis, MO 63121

Description

76 Unit Value-Add Opportunity with 100% Occupancy, Near University of St. Louis, Missouri CBRE, as exclusive marketing advisor, is pleased to present the opportunity to acquire University Villa Apartments (“the Property”), a 76-unit, garden-style apartment community situated on 2.13 acres in St. Louis, Missouri. Constructed in 1947, 1963 and 1965, and fully-renovated in 2015, the residential property includes 50,000 total square feet of rental space throughout eight buildings. Investors have an opportunity to acquire a well-performing multifamily asset that is primed for rent upside. Current rents are below market rates, providing immediate upside potential for future ownership through rental increases.  University Villa Apartments is ideally located with direct access to the University of Missouri-St. Louis campus with more than 14,000 students and ±1,000 faculty. The Property is being sold on a free & clear basis.

Market Context

This multifamily in St. Louis, MO is listed for sale at $7,120,000. It has been on the market for 163 days. Compare it against other multifamily listings for sale in St. Louis, MO — <a href="/search/sale/multifamily/missouri/st-louis">view the full market</a>.

As of Q3 2017, the St. Louis multifamily market showed a 4.1% vacancy rate, and rents up 2.3% year over year. Source: Cushman & Wakefield Q3 2017 market report.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Multifamily market FAQ

Is the St. Louis multifamily market tightening or softening?
Vacancy is around 4.1%, with asking rents rising year over year (Q3 2017).

Contact

Explore this market

Similar Multifamily Property for Sale in St. Louis, MO