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819 Gustav Ave St Louis, MO 63147

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For Sale
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Two-asset, 163-unit multifamily portfolio with value-add potential in St. Louis.

Building Details

Year built
1963

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Listing Contact
Tom Maloney
Source: Nmrk

Listing Agent: Tom Maloney

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Value-Add Multifamily Portfolio in St. Louis

The Broadway Park & One Loop Portfolio is a two-asset multifamily portfolio located in the St. Louis metro area. The portfolio comprises 163 units and is available for purchase individually or as a combined package. Constructed in 1963 and 1970, the properties have undergone significant renovations between 2021 and 2023, bringing them to a modern standard while preserving long-term structural integrity. The properties are gated communities and feature upgraded interiors, including luxury vinyl plank flooring, new cabinetry, and modern appliances. The portfolio offers opportunities for revenue growth, with rents at least $150 per month below nearby comparable properties, allowing new ownership to increase revenues by raising rents to submarket averages. Investors may benefit from assumable full-term, interest-only Fannie Mae debt, paired with strong in-place operations. Substantial recent capital investment in building systems, grounds, unit interiors, and community amenities further reduce near-term risk while supporting long-term performance. Centrally located within St. Louis, the properties provide residents with access to major employment hubs and regional job centers.
Location Intelligence

Current Use by Public Records

Apartment buildings

Map

City
Louis
County
St. Louis
State
Missouri
Longitude
-90.2173
Latitude
38.6969

FAQs

What type of property is this?
Apartment building - Two-asset, 163-unit multifamily portfolio with value-add potential in St. Louis.
Where is this apartment building located?
The property is located at 819 Gustav Ave St Louis, MO.
What are key features of this property?
This property features: - Value-add opportunity: Increase rents by $150+ per month.; - Assumable full-term, interest-only Fannie Mae debt.; - Strong in-place operations delivering double-digit cash yields on Day 1.
More about this property
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