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Multifamily

3710-3716 Geraldine

3710 Geraldine Ave, Saint Ann, MO 63074

Listing Price: $1,650,000

Cap Rate
8.22%
Number of Units
32
GRM
6.92
Occupancy
96.3%
Price/Unit
$51,563
Price/Gross SF
$77.25
Gross SF
21,360

Investment Overview

Marcus & Millichap is pleased to present for sale, 3710-3716 Geraldine in Saint Ann, Missouri. Built in 1966 and encompassing 0.98 acres, Geraldine Apartments is home to two (2) buildings and thirty-two (32), one Bedroom/one Bath market-rate apartments. Both buildings feature brick (mason) with wood-frame construction, concrete-slab foundations with pitched roofs. The approximate 15,800 square feet of residential living area averages 494 square-feet per unit.

Geraldine Apartments average rent per square-foot is currently $1.33 per square foot, while comparable
rents within 1/4 mile, and those comparable (across) St. Charles and St. Louis County average $1.54 per square foot. Current Ownership has invested over $300,000 in improvements to foundation, and cosmetics updates throughout all 32 units including: flooring, kitchens, bathrooms, electrical and HVAC.
St Ann, Missouri is a suburb of St. Louis, located in St. Louis County, Missouri, United States, and borders Lambert international Airport. Within a three-mile radius of Geraldine Apartments there is over five and a half million square feet of industrial space. 2.6 million square feet have been constructed since 2010. North Park Partners is spearheading the development and has added over 5,000 permanent jobs directly to the west and south of Lambert International Airport

Investment Highlights

  • 32 Market Rate Apartments
  • All Electric Units
  • Exceptional Rental Market and Location Off St. Charles Rock Road

Exclusively Listed By

Multifamily

3710-3716 Geraldine

Listing Price: $1,650,000

Cap Rate
8.22%
Number of Units
32
GRM
6.92
Occupancy
96.3%
Price/Unit
$51,563
Price/Gross SF
$77.25
Gross SF
21,360

Investment Highlights

  • 32 Market Rate Apartments
  • All Electric Units
  • Exceptional Rental Market and Location Off St. Charles Rock Road

Investment Overview

Marcus & Millichap is pleased to present for sale, 3710-3716 Geraldine in Saint Ann, Missouri. Built in 1966 and encompassing 0.98 acres, Geraldine Apartments is home to two (2) buildings and thirty-two (32), one Bedroom/one Bath market-rate apartments. Both buildings feature brick (mason) with wood-frame construction, concrete-slab foundations with pitched roofs. The approximate 15,800 square feet of residential living area averages 494 square-feet per unit. Geraldine Apartments average rent per square-foot is currently $1.33 per square foot, while comparable rents within 1/4 mile, and those comparable (across) St. Charles and St. Louis County average $1.54 per square foot. Current Ownership has invested over $300,000 in improvements to foundation, and cosmetics updates throughout all 32 units including: flooring, kitchens, bathrooms, electrical and HVAC. St Ann, Missouri is a suburb of St. Louis, located in St. Louis County, Missouri, United States, and borders Lambert international Airport. Within a three-mile radius of Geraldine Apartments there is over five and a half million square feet of industrial space. 2.6 million square feet have been constructed since 2010. North Park Partners is spearheading the development and has added over 5,000 permanent jobs directly to the west and south of Lambert International Airport

Exclusively Listed By

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