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Coldwell Banker Realty-Gundaker
11542 Concord Village Ave, St Louis, MO 63128
- $5,500,000
- 36,537
- SqFt
- List Price
- $5,500,000
- Price Change
- ▼ $400,000 1782331966
- Days on Market
- 383
- MLS#
- 25068193
- Status
- PENDING
- Living Sq. Ft
- 36,537
- Lot Size
- 91,127
- Acres
- 2.09
- Year Built
- 1966
- Subdivision
- Concord Place Condo
- Municipality
- Unincorporated
- County
- St. Louis
- Listing Type
- Multifamily
Property Description
Concord Place is a 50-unit property that is positioned for immediate rent growth with below-market rents and strong local demographics, allowing new ownership to implement a value-add strategy and push rents through targeted renovations. • Built in 1966, Renovated in 2017-2018 (new roofs in 2022) • 5 Buildings, 50 total units across 2.09 acres • Mix of 1- and 2- bedroom units (60% two-bedrooms) • Avg. in-place rent: $960/ unit (below market rents of $1,094 for 1BR and $1,355 for 2BR) • 100% occupancy with strong in-place cash flow • Recent capex expenditures over 500,000, including new roofs, interior upgrades, and exterior improvements • Value-add potential through interior updates and adding washers/ dryers in units (currently only 2 units equipped) • Prime location near Lindbergh Blvd, Tesson Ferry Rd, and I-270 with nearby developments like Tesson Ridge and new retail (including Chick-fil-a)
Additional Information
- School District
- Lindbergh Schools
- Elementary School
- Long Elem.
- Jr. High School
- Robert H. Sperreng Middle
- Sr. High School
- Lindbergh Sr. High
- Parking Description
- Asphalt
- Cooling
- Central Air
- Heating
- Electric
- Water
- Public
- Selling Terms
- Cash, Conventional
Listing courtesy of Matt Bukhshtaber. CBRE
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Listings courtesy of Mid America Regional Information Systems Internet Data Exchange as distributed by MLS GRID. 
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker of MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some listings have been excluded from this website.