Details for Listing #22041169

Property Details

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. Offering Memorandum and Financial Reports Available Upon Request

Year Built / Age: 1989
Listing Status: Active
Subdivision: James Town Condo

Listed by: EXP Realty, LLC

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