Two New Missouri Multifamily Properties For Sale
Owner prefers to sell as a 2-Property Portfolio.
New Construction 2-Asset Portfolio (within 5 years or newer).
Both properties are class A for the area.
Exceptional amenities.
High demand area with 100% occupancy.
Currently in the process of raising the rents $100/ unit so.
Extremely High-Occupancy Assets (Nearly 100% Occupied and Currently Ideally Situated)
Great Mix of Student and Conventional Renters
Significant Upside w/ Light Modernization & Organic Rent Growth
Premier Properties in Low-Vacancy Submarkets
Operationally Efficient Opportunity for Immediate Scale
Offered Free and Clear of Existing Debt
Both properties have great amenities, gated, design, finishes, etc.
Convenient access to top area employers, education, and healthcare. With an ideal combination of student and conventional renters, these best-in-class assets also provide ample opportunity to achieve significant scale and optimized operational efficiencies.
Property #1:
Unit Count: 180
Current Occupancy: 98.9%
Avg Rent: $1,138/month
Avg Unit Size: 1,041 SF
T3/T12 NOI: $1,476,910*
*removing depreciation from the attached T12 Operating Expenses
Property #2:
Unit Count = 188
Current Occupancy: 100%
Avg Rent: $1,347/month
Avg Unit Size: 1,271 SF
T3/T12 NOI: $1,809,976*
*removing depreciation from T12 Operating Expenses
Combined Portfolio
Unit Count = 368
Current Occupancy = 99.5%
T3/T12 NOI: $3,286,886
The information contained herein contains confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient will be prohibited. The information contained herein has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about the accuracy or completeness of the information. As a buyer, it is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this property to you depends on factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. We have no knowledge of this offering other than the information received from Seller or their representatives. We are neither your agent or an agent for the seller. We will not participate in the negotiation of the purchase price or attend the showing of this property. As a buyer, you will be required to indemnify us and hold us harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.