Woodknoll Townhomes
Value Add Multifamily in St. Louis MSA -Portfolio Available or Sold Separately | Woodknoll Townhomes
Marketing description
CBRE is pleased to offer for sale Woodknoll Townhomes, a 150-unit apartment community located in St. Louis, Missouri. Built in 1971, 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-bedroom and 3-bedroom units. Unit amenities include full basements with finished entertainment space and utility area with washer/dryer hookups, linen closets, updated flooring, and newer windows.
With its strategic location just 2.5 miles from I-270, 10 miles from Lambert-St. Louis International Airport and 14 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.
Investment highlights
150-unit asset in the St. Louis MSA, nestled in a wooded setting
Located in North St. Louis County, a resilient market with strong renter demand and favorable market dynamics
Spacious unit sizes averaging 1,410 SF, significantly above the market average of 700 SF
Unit amenities include basements with finished entertainment space and utility area with washer/dryer hookups
The townhome layout reduces turnover and maintenance costs compared to garden-style apartments
Value-add opportunities through cosmetic upgrades or increasing in-place rents to market rate
Located within the Ferguson submarket, close to retail, schools, healthcare facilities, and public transportation access
Excellent access to Highways I-70, I-170 and I-270; less than 10 miles from Lambert St. Louis International Airport and 14 miles to downtown St. Louis
Offered below replacement cost
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