Listed by CBRE - Saint Louis
$2,690,000
Richmond Heights 14-Unit Portfolio
Details
Property Type Multifamily
Square Footage 12,920
Units 14
Occupancy 100%
Tenancy Multi
Year Renovated 2022, 2023, 2025, 2023, 2023
Buildings 5
Investment Type Value Add
100% Occupied 14-Unit Multifamily Portfolio in Prime St. Louis, MO Location
Marketing description
CBRE, as exclusive marketing advisor, is pleased to present an opportunity to acquire the Richmond Heights 14-Unit Multifamily Portfolio (the “Property”.) The Richmond Heights 14-Unit Multifamily Portfolio is located throughout Richmond Heights and is within 2 miles of Clayton CBD and Washington University in St. Louis.
Investment highlights
- 100% occupied
- Located in Richmond Heights with incredible demographics, boasting a solid middle-class foundation with an Average Household Income of $162,579 and an Average Home Value of $506,042 within a one-mile radius
- High-barrier to entry submarket
- Various floor plans that cater to each resident
- Mixed portfolio with select units renovated with condo finishes and select units for value-add opportunity
- The Portfolio is at the center of many St. Louis employment and entertainment districts, including the coveted Central West End neighborhood, the 30,000-job BJC/Washington University medical center, St. Louis College of Pharmacy, Saint Louis University, Shriner’s Hospital, and the SSM/Saint Louis University Medical Center.
Listing Contacts
Listed by CBRE - Saint Louis
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