$325+/UNIT IN VALUE-ADD UPSIDE WITH INTERIOR MODERNIZATIONS
Concord Village Apartments presents an outstanding opportunity to achieve rent upside of $320+ per month per apartment home with interior upgrades.
By installing washer/dryer connections along with cosmetic upgrades to the kitchen cabinets, adding wood-look flooring, solid-surface countertops, new stainless appliances, an updated lighting package as well as upgraded bathrooms will allow a new buyer to push annual rental income by more
than $625,000!
OTHER INCOME UPSIDE OF $130,000+
Aside from increasing rents with unit upgrades, a new owner will realize considerable revenue growth with more traditional operations that vary from the current owner-managed operations by increasing other income charges.
Ancillary fee Income: $80,000+ achieved by implementing a more market-oriented and traditional management structure charging standard other income and fee charges such as admin fees, application fees, non-refundable pet fees, pet rent, and late charges, to name just the top few.
Utility Billbacks: $45,000+ can be achieved at $25 to $35 flat-rate utility billbacks implemented through the property. Billing back for utility is not only commonplace for the market and submarket but common among Concord Village’s closest and direct competition.
A SOUTH COUNTY SAINT LOUIS LOCATION THAT CHECKS ALL THE BOXES!
- Access to Dynamic Employment Opportunities
- Exceptional Transportation Accessibility
- Conveniently Located Big Box and Grocery
- Nearby Restaurants & Dining
- Proximate Entertainment, Leisure, and Recreation Destinations
- A-Rated School District by Niche
Concord Village offers A top-notch school district and the convenience of Interstate 255, 55, and 270 and is just 15-20 minutes from Downtown St. Louis! Both the Lindbergh Blvd and Tesson Ferry retail corridors offer national restaurants and retail as well as local boutique and specialty stores making the location highly desirable.
