Details for Listing #24030794

$3,350,000
View Calculated Payment
Listing ID: 24030794
Status: Active
Type: Commercial Sale
Square Foot: 33000
Lot Size/Acres: 1.76
County: St Louis
Print Listing
Property Details

Forest Grove Apartments is a 32 unit apartment community comprised of 28-two bedroom units and 4-three bedroom units with average rents of $1,020 per month. The Property offers plenty of upside potential to generate an additional $4,000 per month in revenue based on current in place rents. The owner has completed numerous capital improvements, including: new roofs, new gutters, deck replacement, parking lot repaving/striping, new flooring in stairwells, new exterior paint, all new electrical panels, updated laundry facility and several HVAC replacements within the last 24 months. Forest Grove is a low maintenance, turn-key investment opportunity that would be perfect for a seasoned investor or a new Buyer looking for a great opportunity. Additionally, the surrounding area has a ton of new development and employment. Forest Grove Apartments is located near the new (50 acre, $211-million) "Market at Olive Development" located at Interstate 170 and Olive Blvd.


Year Built / Age: 1960
Listing Status: Active

Listed by: Apartment Advisors of America - phone: 314-716-2213

IDX logoListings displayed on this website are courtesy of MARIS as distributed by MLS GRID.

IDX information is provided exclusively for consumers' personal noncommercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant's applicable MLS, if any, and as amended from time to time. MLS GRID may require use of other disclaimers as necessary to protect Member Participant and/or their MLS from liability.

Based on information submitted to the MLS GRID as of 2024-06-17 05:04:59. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.