- Located In High-Growth Submarket Of Maryland Heights – 14.2% 12-Month Rent Growth
- Significant Upside Opportunity Of $235+ Per Unit (Monthly)
- Well-Positioned Asset Primed For Value-Add Implementation
- Offered At A Very Attractive Basis
- High-Growth Area With Great Connectivity To Demand Drivers
- Adjacent To New Construction Class-A+ Communities Achieving Top Of Market Rents
- Offered With Attractive Assumable Interest-Only Financing Or Free-And-Clear
- May Be Purchased With Beau Jardin (182 Units In Creve Coeur, MO) For A Total Of 434 Units – Contact MMG For Details
Located in High-Growth Submarket of Maryland Heights
Rents in the Maryland Heights submarket have increased by a staggering 14.2% over the past twelve months. Maryland Heights continues to be a very attractive market with strong fundamentals and economic drivers, including the World Wide Technology HQ, Edward Jones North HQ Campus, Westport Business District, and over 2,100 additional businesses across 3.2MM square feet of office space across 23 square miles.
Significant Upside Opportunity of $235+ Per Unit (Monthly)
Constructed in 1971, Maryland Park offers dated interior finishes, which gives new ownership the opportunity to achieve significant rent upside of $235+ per unit (monthly) with completion of interior upgrades and modernizations coupled with further continuity and improvement of the stabilized operations already in place. Cosmetic updates to the bathrooms, kitchen upgrades, new vinyl flooring, and an upgraded lighting package throughout will enable the new buyer to push annual rental income by more than $700,000!
Well-Positioned Asset Primed for Value-Add Implementation
Located in the extremely desirable Maryland Heights submarket, Maryland Park is surrounded by new construction multifamily communities and world-class employers and corporate headquarters locations. Built in 1971, the property has maintained dated unit interiors and a robust amenity package that is primed for value-add upgrades with a highly sought-after foundation ready for modernization.
