We are pleased to offer for sale Suburban Heights, a 103-unit value-add multifamily community located in St. Louis, Missouri.
Suburban Heights consists of six buildings totaling 103 units. Built in 1969 and renovated in 2016, the property includes 8 one, 48 two, and 47 three-bedroom floor plans with in-unit washers and dryers.
Suburban Heights has been a strong performer with 92.2% occupancy. Average rents are $805; $124 below comparable product in the area.
The property has an amenity package including fully-gated community, key-fob access, ample off-street parking, manicured landscaping, and a pet friendly community.
The property is located with 5 miles of St. Louis Lambert International Airport and less than two miles from The University of Missouri St. Louis (UMSL) campus.
