BEDS0
BATHS
SQUARE FEET36,537
MLS#25068193
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONConcord Place Condo
SCHOOLLindbergh Schools
Property Description
Concord Place is a 50-unit property that is positioned for immediate rent growth with below-market rents and strong local demographics, allowing new ownership to implement a value-add strategy and push rents through targeted renovations. Built in 1966, Renovated in 2017-2018 (new roofs in 2022) 5 Buildings, 50 total units across 2.09 acres Mix of 1- and 2- bedroom units (60% two-bedrooms) Avg. in-place rent: $960/ unit (below market rents of $1,094 for 1BR and $1,355 for 2BR) 96% occupancy with strong in-place cash flow Recent capex expenditures over 500,000, including new roofs, interior upgrades, and exterior improvements Value-add potential through interior updates and adding washers/ dryers in units (currently only 2 units equipped) Prime location near Lindbergh Blvd, Tesson Ferry Rd, and I-270 with nearby developments like Tesson Ridge and new retail (including Chick-fil-a) Asking price is $6,500,000 ($130,000 per unit)
Property Features
Property Type: Multi Unit - Multiple
Basement: Concrete, Unfinished, Walk-Out Access
Basement: Yes
Cooling: Central Air
Heating: Electric
Home Style: Apartment Style
Lot Size: 2.09 Acres
Year Built: 1966
Feature Descriptions
Appliances: Cooktop, Microwave, Oven, Refrigerator
Days on Site: 146
Exterior: Brick
Parcel#: 28K-43-0599
Parking: Asphalt
Parking Notes: Asphalt
SQFT. Above Grade: 36537
Water: Public
Local Schools
High School: Lindbergh Sr. High
Middle School: Robert H. Sperreng Middle
Elementary School: Long Elem.
School District: Lindbergh Schools
Listed By / Shown
Listed By
Agency Name: CBRE
Shown By
Agency Title: Trophy Properties & Auction
Agency Phone: (855) 573-5263
Estimate Your Payment
Estimated Payment
$ 15,355.12 per month $13,575.96 Principal & Interest $0.00 Property Tax (data not provided by mls) $1,779.17 Homeowner's Insurance
11542 Concord Village Avenue | MLS# 25068193
This multi-family property located at 11542 Concord Village Avenue, Saint Louis, MO 63128 is currently listed for sale with an asking price of $6,100,000. Concord Village Avenue is located within the Lindbergh Schools school district. Search Saint Louis real estate on www.trophypa.com today.