Call us at

(314) 716-2213

Call us at

(314) 716-2213

13108 Butler Oak Drive Butler Hill Apartments

$7,100,000
Escrow Featured Listing
9607 Property ID

Description

Butler Hill Apartments presents an exceptional investment opportunity in South Saint Louis County.

Nestled off Hwy 21 (Tesson Ferry), the property enjoys a serene setting surrounded by green space and mature trees, creating a park-like atmosphere. The 72-unit complex features updated apartments, with approximately one-third fully renovated and the remaining two-thirds partially upgraded with new ceramic flooring, built-in microwaves, windows, toilets, and vanities.

This classically designed complex, boasting 100% occupancy, is a testament to its professional management and attractive amenities, including a private swimming pool.

With current average rents at $1.24 per square foot (well below market rates), Butler Hill Apartments offers a compelling value-add opportunity to increase cash flow from $86,696 to a projected $180,589. This can be accomplished by increasing rents to the market average of $1.50 per square foot.

Address

  • Address 3108 Butler Oak Drive
  • Country United States
  • Province/State
  • Postal code/ZIP 63128
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Overview

File Attachments

butler-hill-apartments-offering-memorandum.pdf
butler-hill-apartments-offering-memorandum.pdf
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Contact

Nicholas F. Smyrniotis

Property Agent

1750 S. Brentwood Blvd Suite 600 St. Louis MO 63144
(314) 254-8961
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