Building Details

Year Built 1970

Year Renovated 2012

Listing Agency: Marcus & Millichap - Indianapolis

Listed By: Aaron Kuroiwa · License #IN RB17000780

Source: Crexi

Added: Apr 11 Changed: Aug 16 Last Checked: Aug 17 at 6:37AM

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Investment Insights

Based on property information with market context.

Built in 1970 and gut rehabbed in 2012, this turnkey apartment building offers 50 units with a mix of one-, two-, three-, and four-bedroom floor plans designed to support a range of household needs. Units feature central heating and air, unit W/D hookups, newly installed hard surface flooring, newly installed appliances, and private parking.

The property is presented for sale as a rental-focused asset, and the seller notes value-add opportunities including implementing a RUBS program to recover unit water usage costs from tenants and increasing rents in select units at renewal.

Overall, the building’s combination of rehabbed interiors and resident utilities approach is positioned as an operationally ready multifamily investment.

Key Highlights

• 50‑unit apartment property built in 1970 and gut rehabbed in 2012
• Unit mix includes 1-, 2-, 3-, and 4‑bedroom floor plans
• Spacious interiors average 955 SF and include central heating and air

Property Analytics

Property Profile

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Dental Office Building Supply Big Box & Wholesale Store Spa & Massage Center (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

50

Residential units

Turnkey business

Opportunity

Location Intelligence

Trade Area within ½ mile

58

Businesses Nearby

Explore this area Business Placement

Demographics for 63834, MO

6,170

Population

1,778

Households

3.5

Avg Household Size

41

Median Age

11%

College-Educated

83%

High-School Grad

249.5 sq mi

ZIP Area

25

Density / Sq Mi

$45,658

Median Household Income

$30,618

Median Earnings

$725

Median Rent

$107,100

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

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Frequently Asked Questions

What type of property is this?

Apartment building - Turnkey 50-unit apartment property with central heating and air, in-unit W/D hookups, and private parking.

Where is this apartment building located?

The property is located at 701 Warren St Charleston, MO.

What are key features of this property?

This property features: 50‑unit apartment property built in 1970 and gut rehabbed in 2012; Unit mix includes 1-, 2-, 3-, and 4‑bedroom floor plans; Spacious interiors average 955 SF and include central heating and air