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909-923 Geyer Ave
Saint Louis, MO 63104
Multifamily Property For Sale
·
28 Units
INVESTMENT HIGHLIGHTS
- Prime Soulard Location: Situated in a highly desirable, walkable neighborhood with strong rental demand.
- Extensive Renovations: Unit interiors, roofs, HVAC systems, brickwork (tuckpointing), landscaping, and outdoor amenities.
- Strong Rental Market: Located in a thriving rental market with high occupancy rates.
- Turnkey Property: Recent significant capital expenditures (capex) minimize immediate maintenance concerns and maximize potential returns.
- Unit Renovations: Include all-new flooring, updated kitchens & bathrooms, new light fixtures, fresh paint, and in-unit laundry (most units).
- Value-Add Potential: Opportunity to further increase rents and property value through strategic management and additional enhancements.
EXECUTIVE SUMMARY
CBRE is pleased to present the opportunity to acquire 909-923 Geyer Avenue (the “Property”), a 28-unit value-add multifamily property situated in the historic Soulard neighborhood in St. Louis, Missouri. 909-923 Geyer Avenue offers an investor the rare opportunity to acquire a large apartment building in an extremely high-barrier-to-entry submarket with a proven operating performance and tremendous upside potential.
The property enjoys a strong occupancy rate, offering an investor the opportunity to acquire a well-performing asset in a historic area of St. Louis.
Constructed in 1885 and extensively renovated in 2023, the Property features studio, 1-, 2-, and 3-bedroom floor plans, off-street parking, and on-site laundry facilities.
The property enjoys a strong occupancy rate, offering an investor the opportunity to acquire a well-performing asset in a historic area of St. Louis.
Constructed in 1885 and extensively renovated in 2023, the Property features studio, 1-, 2-, and 3-bedroom floor plans, off-street parking, and on-site laundry facilities.
PROPERTY FACTS
| Price Per Unit | $220,605 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.45 AC |
| No. Units | 28 | Building Size | 18,790 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1920 |
| Apartment Style | Low-Rise | ||
| Zoning | G | ||
| Price Per Unit | $220,605 CAD |
| Sale Type | Investment |
| No. Units | 28 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.45 AC |
| Building Size | 18,790 SF |
| No. Stories | 3 |
| Year Built | 1920 |
| Zoning | G |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 28 | - | 708 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $365,688 CAD | |
| Land Assessment | $26,674 CAD | Total Assessment | $392,362 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$26,674 CAD
Improvements Assessment
$365,688 CAD
Total Assessment
$392,362 CAD
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