Sunnyland Apartments
60-Unit Value-Add Multifamily Community in St. Louis MSA
Marketing description
CBRE is pleased to offer for sale Sunnyland Apartments (the "Property"), a 60-unit apartment community located in St. Louis, Missouri. Built in 1962-1966, 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.
Sunnyland Apartments features 1- and 2-bedroom apartments (Group A) and 3-bedroom townhomes (Group B) with a variety of floor plans.
Only 2.5 miles from I-70, 8 miles from Lambert-St. Louis International Airport and 10 miles from downtown St. Louis, this property is in a prime location with easy access to the city's cultural and recreational attractions, making it an ideal investment opportunity in the St. Louis MSA.
Investment highlights
- 60-unit asset located in the heart of Jennings in the St. Louis MSA
- Value-add opportunities through upgrades and/or increasing in-place rents to market rate
- Prime location close to retail, schools, and major employment hubs
- Strong workforce housing demand in North St. Louis County supporting stable occupancy and cash flow
- Proximity to the University of Missouri–St. Louis (UMSL), which supports sustained rental demand, along with close access to Express Scripts, a major regional employment hub driving strong renter and workforce activity
- Close proximity to the $1.8 billion dollar Boeing defense campus expansion redevelopment providing improved occupancy demand
- Offered below replacement cost, providing an attractive basis and long-term appreciation potential
- Excellent access to Hwy 70 and Hwy 270; less than 10 miles from Lambert-St. Louis International Airport and 14 miles to downtown St. Louis
- Delivered free and clear of existing debt, allowing flexibility in financing structure
Listing Contacts
Valuation Calculator
Valuation Metrics
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Is there information that looks off?
