- Proven Value-Add Upside of $200+/Unit/Month
- Extremely Well-Maintained Asset – Significant Recent Capital Investment
- Dynamic Infill Location – Surrounded by Historic Neighborhoods & Unique Retail & Restaurants
- Zero New Supply in Submarket – Creating Ideal Value-Add Opportunity
- Unmatched Access & Connectivity to Entire St. Louis MSA
- Offered Free & Clear Of Existing Debt
Value-Add Upside of $200+/Unit/Month
Courtland Manor offers majority classic-finish units paired with current average rents that are well below market levels. New ownership has an incredible opportunity to capture significant, proven rental premiums of $200+/unit/month through cosmetic upgrades to unit interior (new/painted cabinets, LVP flooring, modern paint, upgraded hardware/fixtures).
Extremely Well-Maintained Asset – Significant Recent Capital Investment
Courtland Manor has been extremely well maintained under current ownership and has seen significant recent capex invested into the exteriors and addressing previously deferred maintenance. This recent investment will allow new ownership to focus their capital spend on unit interiors that will directly and significantly increase revenues.
Dynamic Infill Location – Surrounded by Historic Neighborhoods & Unique Retail & Restaurants
The South St. Louis County location offers residents a dense, dynamic neighborhood that is surrounded by unique local restaurants and businesses, multiple grocery options, fantastic parks, well-maintained walking/biking trails, and proximity to everything that St. Louis County has to offer. This desirable and high-barrier-to-entry location has very low vacancy and zero new construction in the pipeline, creating an ideal value-add opportunity.
