- Stabilized Offering Featuring Proven Value-Add and Operational Upside
- Attractive Mix of Flats & Large 2-Story Townhome Units – Average Unit Size of 1,011 SF
- Extremely Low-Density Property Layout with Significant Green Space and a Park-Like Atmosphere
- 256 Units Offers Immediate Scale for New Entrants into the St. Louis Market
- Quiet Neighborhood Atmosphere – Very Attractive to Tenant Base
- Meticulously Maintained – Extremely Clean Asset
- Conservative In-Place Owner-Operator
- Exceptional North County Location Near Organic Demand Drivers
- Offered Free & Clear of Existing Debt
Stabilized Offering Featuring Proven Value-Add and Operational Upside
Heatherton Estates offers strong current and historic occupancy with significant rental upside proven both on-site and at upgraded assets throughout the submarket. The fully-amenitized community is extremely clean and well-maintained, giving new ownership the opportunity to focus their capital spend on revenue-generating upgrades.
Attractive Mix of Flats and Large Two-Story Townhome Units
Offering 60 one-bedroom, 176 two-bedroom (90 flats, 86 large two-story townhomes), and 20 three-bedroom units (all large two-story townhomes), Heatherton Estates features a very attractive mix of flats and enormous townhome-style units. This mix of unit layouts allows the community to appeal to the widest array of high-quality renters.
256 Units Offers Immediate Scale & Ability to Obtain Critical Mass
Heatherton Estates provides an investor new to the St. Louis MSA an opportunity to obtain an immediate and significant foothold with a single transaction – or will add efficiencies for existing owners – all while generating ideal economies of scale and maximum operating efficiencies within a single property.
