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Multifamily

Bottleworks Apartments

7221 Anna Ave, Maplewood, MO 63143

Listing Price: $6,250,000

Cap Rate
6.26%
Number of Units
47
Occupancy
100.0%
Price/Unit
$132,979

Investment Overview

-Marcus & Millichap is pleased to present the Bottleworks Apartments for sale. This property offers investors a stabilized asset in one of St. Louis's most popular neighborhoods with several ways to increase income. Fully Renovated in 2018 it boasts some of the the nicer finishes and amenities in Maplewood. It's two bedroom units and in-unit laundry distinguish this asset apart from the field of competitors. With many of major building components replaced (including windows/roofs), this provides investors a lower maintenance load. Additionally its location within Maplewood gives tenants a short walk to downtown Maplewood's plethora of dining, shopping, fitness and entertainment options. With near 4,000 square feet of extra whiteboxed space an investor can create a common area or a top notch fitness center that can boost rents and further its standing as peerless in Maplewood.

Investment Highlights

  • -Fully Renovated 100% Occupied Turn Key Property with Attractive In Place Returns
  • -Located in Preeminent Location Where Tenants Walk to Main Street's Destination Dining, Shopping and Entertainment. Short Drive to Central Business District.
  • -Defendable Narrative for continued rent growth. Bottleworks is one of only2 properties in Maplewood that have washer dryer in unit. Only 25% of Maplewood apartments offer 2 Bedroom Units.

Exclusively Listed By

Multifamily

Bottleworks Apartments

Listing Price: $6,250,000

Cap Rate
6.26%
Number of Units
47
Occupancy
100.0%
Price/Unit
$132,979

Investment Highlights

  • -Fully Renovated 100% Occupied Turn Key Property with Attractive In Place Returns
  • -Located in Preeminent Location Where Tenants Walk to Main Street's Destination Dining, Shopping and Entertainment. Short Drive to Central Business District.
  • -Defendable Narrative for continued rent growth. Bottleworks is one of only2 properties in Maplewood that have washer dryer in unit. Only 25% of Maplewood apartments offer 2 Bedroom Units.

Investment Overview

-Marcus & Millichap is pleased to present the Bottleworks Apartments for sale. This property offers investors a stabilized asset in one of St. Louis's most popular neighborhoods with several ways to increase income. Fully Renovated in 2018 it boasts some of the the nicer finishes and amenities in Maplewood. It's two bedroom units and in-unit laundry distinguish this asset apart from the field of competitors. With many of major building components replaced (including windows/roofs), this provides investors a lower maintenance load. Additionally its location within Maplewood gives tenants a short walk to downtown Maplewood's plethora of dining, shopping, fitness and entertainment options. With near 4,000 square feet of extra whiteboxed space an investor can create a common area or a top notch fitness center that can boost rents and further its standing as peerless in Maplewood.

Exclusively Listed By

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