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$6,400,000
3 Beds
- 2 Baths
36,537sqft
11542 Concord Village Ave, St Louis, MO 63128
$6,400,000
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Multi Family
Built in 1966
$-- HOA
2.09 acres lot
$175/sq.ft
Description
Concord Place is a 50-unit property that is positioned for immediate rent growth with below-market rents and strong local demographics, allowing new ownership to implement a value-add strategy and push rents through targeted renovations.
• Built in 1966, Renovated in 2017-2018 (new roofs in 2022)
• 5 Buildings, 50 total units across 2.09 acres
• Mix of 1- and 2- bedroom units (60% two-bedrooms)
• Avg. in-place rent: $960/ unit (below market rents of $1,094 for 1BR and $1,355 for 2BR)
• 96% occupancy with strong in-place cash flow
• Recent capex expenditures over 500,000, including new roofs, interior upgrades, and exterior improvements
• Value-add potential through ...
Property Details
Status
Active
Type
Multi Family
No. of Stories
-
County
City
Neighborhood
--
Year Built
1966
HOA Fees
-
Finished Area
36,537 sqft
Lot Size
2.09 acres lot
Basement Area
- sqft
MLS Name
MARIS MLS
MLS Number
MIS25068193
MLS Status
Active
Days on Market
59
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