1135 Hodiamont Ave St Louis, MO 63112
Two-asset, 163-unit multifamily portfolio with value-add opportunity in St. Louis.
Building Details
- Year built
- 1970
Source:
Nmrk
Listing Agent: Tom Maloney
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Value-Add Multifamily Portfolio in St. Louis
The Broadway Park & One Loop Portfolio comprises two multifamily properties located in the St. Louis metro area. Constructed in 1963 and 1970, these properties, totaling 163 units, have undergone significant renovations between 2021 and 2023 to meet modern standards while maintaining structural integrity. The portfolio presents a value-add opportunity for investors, with potential for revenue growth by increasing rents to submarket averages, which are at least $150 per month higher than current rents. Attractive financing is available through assumable full-term, interest-only Fannie Mae debt, combined with strong in-place operations that deliver double-digit cash yields from day one. Substantial recent capital investments have been made in building systems, grounds, unit interiors, and community amenities, reducing near-term risk and supporting long-term performance. Both Broadway Park Apartments and One Loop Apartments are gated communities featuring upgraded interiors, including luxury vinyl plank flooring, new cabinetry, and modern appliances. Centrally located within St. Louis, the properties offer residents convenient access to major employment hubs and regional job centers. The properties are available for purchase individually or as a combined package.
Location Intelligence
Current Use by Public Records
Apartment buildings
Map
- City
- Louis
- County
- St. Louis
- State
- Missouri
- Longitude
- -90.2825
- Latitude
- 38.6612
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FAQs
What type of property is this?
Apartment building - Two-asset, 163-unit multifamily portfolio with value-add opportunity in St. Louis.
Where is this apartment building located?
The property is located at 1135 Hodiamont Ave St Louis, MO.
What are key features of this property?
This property features: - Value-add opportunity: potential to increase revenue by raising rents to submarket averages (at least $150/month below comparable properties).; - Attractive assumable full-term, interest-only Fannie Mae debt and strong in-place operations delivering double-digit cash yields on Day 1.; - Significant renovations between 2021 and 2023, bringing the properties to a modern standard.