Properties

Property Description

We are pleased to offer the opportunity to purchase The Reserve at Spanish Lake, a 76-unit multifamily property located within steps of Spanish Lake Park in St. Louis, MO (the 20th largest MSA in the country) which has shown strong market rent growth in the past year of 8% and low market vacancy of 6%. The asset has benefitted from a major capital improvement program implemented by the current ownership. It is well maintained with a proven in-place value-add business model, strong positive rent growth, and exhibits sought after features not readily available in the area. With in-place professional 3rd party property management, this property will be a smooth transition option for both local and out-of-town investors. rnrnOffering Memorandum and Financial Reports Available Upon Request

Features
79
Arrowpoint Elem.
Southeast Middle
Hazelwood East High
: Hazelwood
$28,134
2021
: Unincorporated

Commercial Sale For Sale

1528 James Patrick Lane, Spanish Lake, Missouri 63138

0 Bedrooms
0 Bathrooms
0 Sqft
Visits : 53 in 221 days
$6,500,000
Listing ID #MAR22041169
Basic Details
Property Type : Commercial Sale
Listing ID : MAR22041169
Price : $6,500,000
Bedrooms : 0
Rooms : 0
Bathrooms : 0
Square Footage : 0 Sqft
Year Built : 1989
Lot Area : 0 Sqft
Status : Pending
Agent info
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