76 units, fully renovated in 2015, with all roofs replaced in 2021. Currently 100% occupied. Monthly income is approximately $63,700 with an average rent of $838/unit. Mix of one and two-bedroom units with 53% two-bedrooms. Current rents are $43–$128 below market, providing immediate upside potential. The property is being offered free and clear of debt. The community offers gated parking, shared laundry in each building, and a well-maintained brick exterior. Located directly adjacent to the University of Missouri–St. Louis campus (14,000+ students, 1,000+ faculty), with quick access to I-70, MetroLink, Lambert International Airport, and major employers including Express Scripts.
Listing courtesy of CBRE.
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