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About the Listing CBRE01 - MBUKHSHT,KHALILOV
Concord Place is a 50-unit property that is positioned for immediate rent growth with below-market rents and strong local demographics, allowing new ownership to implement a value-add strategy and push rents through targeted renovations. • Built in 1966, Renovated in 2017-2018 (new roofs in 2022) • 5 Buildings, 50 total units across 2.09 acres • Mix of 1- and 2- bedroom units (60% two-bedrooms) • Avg. in-place rent: $960/ unit (below market rents of $1,094 for 1BR and $1,355 for 2BR) • 96% occupancy with strong in-place cash flow • Recent capex expenditures over 500,000, including new roofs, interior upgrades, and exterior improvements • Value-add potential through interior updates and adding washers/ dryers in units (currently only 2 units equipped) • Prime location near Lindbergh Blvd, Tesson Ferry Rd, and I-270 with nearby developments like Tesson Ridge and new retail (including Chick-fil-a) • Asking price is $6,500,000 ($130,000 per unit)
Listing Highlights
Status
Active
Days on Site
70
Property Type
Multi-Family
MLS ®
25068193
Year Built
1966
Total Square Footage
36,537
Lot/Acreage
2.09
County
St. Louis
Neighborhood
Concord Place Condo
Area
316 - Lindbergh
School District
Lindbergh Schools
Elementary School
Long Elem.
Middle School
Robert H. Sperreng Middle
High School
Lindbergh Sr. High
Interior Details
- Bedrooms: 3
- Bathrooms: 2 Full
- Appliances: Cooktop, Microwave, Oven, Refrigerator
- Air Cond: Central Air
- Heating: Electric
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 36537
- Below Ground Sq Ft: n/a
- Basement: Concrete,Unfinished,Walk-Out Access
- Other:
- Water: Public
Exterior Details
- Garage Capacity: N/A
- Roof:
- Others: Courtyard
- Sewer:
- Parking Features: Asphalt
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 28K-43-0599
- Tax Year: N/A
Payment Calculator
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Questions About..
11542 Concord Village Ave St Louis, MO 63128
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