Keokuk & Bamberger Portfolio
Three Property, 50-Unit Multifamily Value-Add Portfolio Opportunity in St. Louis MSA
Marketing description
CBRE is pleased to present the opportunity to acquire the Keokuk & Bamberger Portfolio (the "Properties"/"Portfolio"), a three property, 50-unit portfolio situated in St. Louis, Missouri.
Located in the heart of the Dutchtown neighborhood, the Keokuk & Bamberger Portfolio offers a unique blend of historic charm and modern convenience. Constructed between 1928 and 1930, these properties feature stunning historic architecture with updated interiors, providing a unique living experience for residents.
The Keokuk & Bamberger Portfolio is strategically located in the heart of the Dutchtown South neighborhood of St. Louis, offering residents convenient access to key parts of the city. This area is well-connected by major roads and public transit, making it easy to reach downtown St. Louis, which is just a short drive away. The location is ideal for professionals, with proximity to major employers such as hospitals, schools, and universities—including Saint Louis University and Harris-Stowe State University, both within a 10-minute drive.
The Dutchtown submarket has a history of phenomenal occupancy, making these properties an attractive investment opportunity. With the potential to push rents through the new ownership period, these well-performing assets offer a stable source of income and a chance to capitalize on the area's growing demand for housing.
Investment highlights
- Attractive rental market with a high demand for studio, 1-bedroom, and 2-bedroom units among working professionals and families in the area.
- Value-add opportunity by continuing to update units to push rents during new ownership period.
- Beautiful historic buildings restored to maintain their original character and charm.
- Properties are located in Dutchtown, a historic and vibrant neighborhood located in South St. Louis City, experiencing a period of revitalization and offering significant investment opportunities. With a strong community spirit, affordable housing, and convenient access to amenities and transportation, Dutchtown presents a compelling prospect for investors seeking value and growth potential.
- Ideal for portfolio expansion.
- Economies of Scale - owning multiple properties within close proximity allows for centralized management, shared maintenance resources, and reduced operational costs.
- Priced well below replacement cost.
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