- Stabilized Offering with Immediate Value-Add and Operational Upside
- Offered at a Low Basis – Significantly Below Current Replacement Cost
- 2008 Vintage with Spacious Units | Modern Construction and Above-Average Unit Sizes
- Cosmetic Value-Add & Significant Operational Upside On Day One
- Well-Maintained by Current Ownership
- Conservative In-Place Owner-Operator
- Exceptional Location – Only Minutes Away from O’Fallon, IL & Downtown St. Louis
- Assumable Loan with 2.36% Interest Rate
Stabilized Offering With Immediate Value-Add And Operational Upside
BSB Apartments boasts strong current and historic occupancy with proven rental upside, both on-site and across the local market. The well-maintained, fully-amenitized community provides a solid foundation for new ownership to focus any capital expenditures on revenue-generating upgrades and operational efficiencies.
Offered At A Low Basis – Significantly Below Current Replacement Cost
The asset is being sold at a basis that is a fraction of what it would cost to build the property today. This attractive going-in basis will allow the new investor to feel comfortable investing additional value-add capital into the community while maintaining a very comfortable all-in basis in the asset.
2008 Vintage With Spacious Units | Modern Construction And Above – Average Unit Sizes
Built in 2008, BSB Apartments offers modern construction with a strong foundation, providing long-term value for new ownership. The community features spacious units, with an average unit size of 1,547 square feet—larger than comparable properties in the area. This generous square footage enhances tenant satisfaction and offers flexibility in floor plans, making the property especially appealing in the local market. With its blend of modern construction and above-average unit sizes, BSB Apartments stands out as a superior offering in a competitive market.
