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Multifamily

Four Seasons Apartments

1065 Hodiamont Ave, St. Louis, MO 63112

Listing Price: $1,550,000

Cap Rate
8.10%
Number of Units
35
Occupancy
85.0%
Price/Unit
$44,286
Price/Gross SF
$59.39
Gross SF
26,100

Investment Overview

Marcus & Millichap is pleased to present Four Seasons Apartments, a 35 Unit Value-Add Opportunity uniquely positioned less than 2/3's of a mile from the Delmar Loop and 1.1 miles from Washington University. Ample opportunity for rental increases on these 2, 3 and 4 bedroom apartments through strategic unit and common area upgrades. Plenty of parking (45 surface spots) is currently in place and there is room for more on the 1.57 Acres of land available if needed. Tenants enjoy having central air conditioning, ample closet space, off street parking and a common laundry room. let your current tenants pay your expenses while you bring this property to the NEXT LEVEL.

Investment Highlights

  • 2, 3 & 4 Bedroom Floorplans
  • 1.1 Miles from Washington University
  • Value-Add Opportunity

Exclusively Listed By

Financing By

Listing Price: $1,550,000

Cap Rate
8.10%
Number of Units
35
Occupancy
85.0%
Price/Unit
$44,286
Price/Gross SF
$59.39
Gross SF
26,100

Investment Highlights

  • 2, 3 & 4 Bedroom Floorplans
  • 1.1 Miles from Washington University
  • Value-Add Opportunity

Investment Overview

Marcus & Millichap is pleased to present Four Seasons Apartments, a 35 Unit Value-Add Opportunity uniquely positioned less than 2/3's of a mile from the Delmar Loop and 1.1 miles from Washington University. Ample opportunity for rental increases on these 2, 3 and 4 bedroom apartments through strategic unit and common area upgrades. Plenty of parking (45 surface spots) is currently in place and there is room for more on the 1.57 Acres of land available if needed. Tenants enjoy having central air conditioning, ample closet space, off street parking and a common laundry room. let your current tenants pay your expenses while you bring this property to the NEXT LEVEL.

Exclusively Listed By

Financing By

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