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1151 Roger Ave
Swansea, IL 62226
Willow Park Apartments · Multifamily Property For Sale
·
121 Units
INVESTMENT HIGHLIGHTS
- Established 121-unit garden-style apartment complex located in Swansea, Illinois
- Favorable mix of one and two bedroom units which appeal to a diverse and sophisticated variety of residents
- Excellent 3-mile demographics with the Average Home Value being $217,601 and the Average Household Income being $88,493
- Approximately 50% of the units have been updated achieving a $70 average rent increase allowing new ownership to complete upgrades and push rents
- Strong in-place cashflow with occupancy currently residing at 95%
- Five miles from I-64 providing residents access to all major employment centers, retail and entertainment amenities in the St. Louis Metro area
EXECUTIVE SUMMARY
CBRE, as exclusive marketing advisor, is pleased to present the opportunity to acquire Willow Park (“the Property”), a 121-unit, garden-style apartment community situated on 5.03 acres in Swansea, Illinois. Constructed in 1987, the residential property includes 85,102 square feet of rental space with a mix of one and two bedroom units.
Willow Park Apartment Homes is nestled in a beautiful neighborhood in Swansea, Illinois with professionally landscaped and maintained grounds. The Property is located just off 161 and just 5 miles from I-64, providing excellent access to the greater St. Louis region. Swansea, Illinois is a village located in St. Clair County, part of the Greater St. Louis MSA. It has a population of approximately 13,000 residents and is known for its suburban feel, community amenities, and proximity to urban services.
Swansea is centered between Fairview Heights to the north and Belleville to the south. This is a vibrant area with a range of recreational options, shopping centers, and dining establishments, including St. Clair Square Mall, a 1,084,898 sq. ft. shopping center which is just 5 miles from Willow Park.
Willow Park is being sold with an attractive assumable debt of 3.80%. A call for offers date will be announced during marketing.
Willow Park is being sold with an attractive assumable debt of 3.80%. A call for offers date will be announced during marketing.
Willow Park is part of a larger 4-property, 504-unit portfolio. Properties can be purchased individually or as a portfolio.
Willow Park Apartment Homes is nestled in a beautiful neighborhood in Swansea, Illinois with professionally landscaped and maintained grounds. The Property is located just off 161 and just 5 miles from I-64, providing excellent access to the greater St. Louis region. Swansea, Illinois is a village located in St. Clair County, part of the Greater St. Louis MSA. It has a population of approximately 13,000 residents and is known for its suburban feel, community amenities, and proximity to urban services.
Swansea is centered between Fairview Heights to the north and Belleville to the south. This is a vibrant area with a range of recreational options, shopping centers, and dining establishments, including St. Clair Square Mall, a 1,084,898 sq. ft. shopping center which is just 5 miles from Willow Park.
Willow Park is being sold with an attractive assumable debt of 3.80%. A call for offers date will be announced during marketing.
Willow Park is being sold with an attractive assumable debt of 3.80%. A call for offers date will be announced during marketing.
Willow Park is part of a larger 4-property, 504-unit portfolio. Properties can be purchased individually or as a portfolio.
PROPERTY FACTS Under Contract
| Sale Type | Investment | Lot Size | 2.85 AC |
| No. Units | 121 | Building Size | 100,000 SF |
| Property Type | Multifamily | Average Occupancy | 97% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Garden | Year Built/Renovated | 1978/2000 |
| Building Class | B | Parking Ratio | 1.22/1,000 SF |
| Zoning | R2 | ||
| Sale Type | Investment |
| No. Units | 121 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 2.85 AC |
| Building Size | 100,000 SF |
| Average Occupancy | 97% |
| No. Stories | 3 |
| Year Built/Renovated | 1978/2000 |
| Parking Ratio | 1.22/1,000 SF |
| Zoning | R2 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Fireplace
- Microwave
- Storage Space
- Washer/Dryer
- Heating
- Kitchen
- High Speed Internet Access
- Refrigerator
- Satellite TV
- Oven
- Range
- Sunroom
- Carpet
- Double Pane Windows
- Wheelchair Accessible (Rooms)
SITE AMENITIES
- 24 Hour Access
- Business Center
- Laundry Facilities
- Pool
- Property Manager on Site
- Pet Play Area
- Maintenance on site
- Sundeck
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 60 | - | 600 - 660 |
| 2+1 | 61 | - | 800 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,157,574 CAD | |
| Land Assessment | $83,709 CAD | Total Assessment | $1,241,283 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$83,709 CAD
Improvements Assessment
$1,157,574 CAD
Total Assessment
$1,241,283 CAD
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