Listed by CBRE - Saint Louis
Unpriced
Grant's Trail Apartments
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 76,480
Net Rentable (SqFt) 76,480
Units 76
Occupancy 96%
Year Built 1965
Year Renovated 2022
Buildings 8
Stories 2
Acreage 3.853
76-Unit Multifamily Investment Opportunity in South St. Louis, Missouri | Grant's Trail
Investment highlights
Established 76-unit multifamily property located in Mehlville within the South County submarket
Value-add opportunity through continued units upgrades allowing rent upside for new ownership
Well-maintained brick construction
Strong in-place cash flow with occupancy at 93.4%
Large floor plans, averaging 1,006 SF
Favorable mix of one and two-bedroom apartment floor plan styles with 63% being two-bedroom units
One-mile demographics with an average household income of $91,628 reflect a solid middle-class foundation
Superb location, close to I-55 providing convenient access to all major employment centers throughout the St. Louis metro
High barrier to entry market
Offered free and clear of encumbrances and below replacement cost
Listing Contacts
Listed by CBRE - Saint Louis
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