Details for Listing #23040715
One Loop Apartments includes 59 fully renovated apartments, conveniently located a half mile from Washington University's North Campus, and the Delmar Loop. There are 5 total buildings in the complex which have 9 (1) bed units, 13 (2) bed units, and 37 (3) bed units. 146 total bedrooms in the complex. The entire complex is fully renovated – with the last two units currently being completed. The complex is 100% full. There is potential to raise the rents to the market rents for a good portion of the units, which could generate an additional $40,000+ annually in revenue. Priced at a 9.19% cap rate based on current rent roll and expenses. With renovation completed the complex is similar to being new construction, which will keep maintenance and turnover costs low. All electric building. A laundry facility and playground was added. Includes secure gated parking with 76 parking spots. Can be purchased with Park Vue Flats- 3769 Delor 63116, also a completely renovated 84 unit complex.
Listed by: Invest St. Louis
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