Available For Sale - Multifamily

70,000 SF

AVAILABILITY DETAILS

Size
70,000 SF
Price/SF
N/A - Contact for Info
Listing ID
SA448518
Notes
Features

Significant Value-Add Opportunity: A rare opportunity exists to implement strategies to improve the asset and stabilize operations through a thoughtful value-add and management program that will immediately increase occupancy, grow market rents, and

Opportunity to Purchase at Below Replacement Cost: In terms of the immediate submarket, Blue Fountain Apartments presents an opportunity to purchase a well-located Class-C asset at a significant discount compared to the cost of reproduction.

Quality Construction & Traditional Design: Built in 1963 and totaling 104 spacious residential units among 4 buildings on over 3.67 acres with ample surface and garage parking.

Strategic Location: Located in St. Louis, MO approximately ten miles from St. Louis Lambert International Airport and less than 20 minutes from downtown St. Louis.
Uses
Multifamily

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Gregory Russell, Colliers International