Wireworks Lofts Apartments

Price on call
Escrow Listing
  • Price Price on call
  • Property Type Multi-Family
  • Property status Escrow Listing
  • Units 79

Address

  • Country: United States
  • Province / State: Missouri
  • City / Town: St. Louis
  • Postal code / ZIP: 63104
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Description

Wireworks Lofts sits on almost a full block in coveted Lafayette Square, one of St. Louis city’s most exclusive
neighborhoods. Among this development are 79 loft style apartments with 3 commercial spaces including Squires
Restaurant.
The property is completely fenced, gated and secured by electronically. The apartment community enjoys a private gym,
pool and courtyard.



UNIT MIX & ANNUAL SCHEDULED INCOME

UNIT TYPE APPROX.SQFT AVG RENTS MONTHLY MKT RENTS TOTAL
2
28
4
10
33
2
1
1
1
Studio
1 Bed / 1 Bath
2 Bed / 1 Bath
2 Bed / 1.5 Bath
2 Bed / 2 Bath
3 Bed / 2 Bath
Squires Restaurant
N/D Consulting
Parkside
902
986
1100
1424
1378
1460
9054
3029
2454
1,020
1,127
1201
1,542
1,480
1,583
12,541
3,029
1,554
2,040
31,556
4,804
15,420
48,840
3,166
12,541
3,029
1,554
1,195
1,250
1350
1,600
1,600
1,700
12,541
3,029
2,454
2,390
35,000
5,400
16,000
52,800
3,400
12,541
3,029
2,454

ANNUALIZED INCOME

Description Actual Pro
Gross Potential Rent
Less: Vacancy
Misc. Income
Effective Gross Income
Less: Expenses
Net Operating Income
Debt Service
Net Cash Flow after Debt Service
Principal Reduction
TOTAL RETURN
$1,475,400
($73,770)
$18,192
$1,419,822
($528,331)
$891,491
($662,270)
$229,221
$203,576
$432,797
$1,596,168
($79,808)
$18,192
$1,534,552
($525,640)
$1,008,911
($662,270)
$346,641
$203,576
$550,217

UNIT


    • 79 Loft Style Apartments with Several Floor Plans to Accommodate Tenants

    • 3 Commercial Tenants Occupying 10,883 Square Feet

    • Rents Well Below Market

    • Sparkling Pool and Fitness Center

    • Gated & Secured Private Parking

    • Located in the Very Desirable Affluent Neighborhood Known as Lafayette Square

    • Extremely Rare Opportunity with High Barrier to Entry

MEMORANDUM

To receive a detailed Offering Memorandum, please fill out and submit the form below. We will send you an email with PDF attachment (must have Acrobat Reader). Thank you for your interest!
WIREWORKS-LOFT-OFFER-MEMO-1019-1.pdf Download

Contact

Get Directions

Contact

Nicholas F. Smyrniotis

Property Agent
1750 S. Brentwood Blvd Suite 600 St. Louis MO 63144
(314) 254-8961
nick@mo-apartmentadvisors.com
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