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listing
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CommercialFor Sale
$2,695,000
8435 Atherton Drive
St Louis, MO 63130
Courtesy of Salient Realty Group, LLC
MLS: Mid America Regional MLS (MARIS)
Est. Mortgage
$14,011/mo

SRG is pleased to offer this low-rise/garden style 32-unit apartment community to the market. The property offers investors significant rent upside potential compared to submarket averages (up to $359 in rent upside) and a strong mix of primarily two-bedroom units. There are multiple value-add strategies to maximize returns - raising rents for units in their current condition (low in place rent for 1 bed units is $475 & $600 for 2 bed units); or completing cosmetic updates and adding in-unit laundry which can command much higher rents. Competing submarket rents average $1,204 vs the property's average rent of $845. Please reach out to the brokers for more information.

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Information courtesy of Salient Realty Group, LLC is subject to verification and is not guaranteed.
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