OLIVE POINTE
- $295+/unit in value-add upside with interior modernizations
- A+ mid-county location that checks all the boxes
- Demonstrated value-add opportunity in the submarket
- Strategically located in one of St. Louis’ clearest growth paths
- Located in the Ladue School District – A+ rated, #1 school district in Missouri by Niche
- Affluent community with an annual median income of $86,500
$295+/Unit in Value-Add Upside With Interior Modernizations and Increasing Other Income Charges to Market Levels
Olive Pointe Apartments presents an outstanding opportunity to achieve a rent upside of $295+ per unit (monthly) with interior upgrades. Cosmetic upgrades to the kitchens and bathrooms, a refresh of the general living area, and an updated lighting package will allow new ownership to push annual rental income by more than $250,514!
In addition to interior unit renovations, there is additional upside in aligning other income with that of surrounding properties, which represents an increase of ~$40,000.
GRANT’S TRAIL
- $305+/unit in value-add upside with interior modernizations
- Supply-constricted submarket with no new construction and 97% submarket occupancy
- A-rated Mehlville School District according to niche
- Submarket rents surging – 8.6% YOY organic rent growth
- Demonstrated value-add upside at comps in submarket
- South County location near dynamic demand drivers
$305+/Unit in Value-Add Upside With Interior Modernizations
Grant’s Trail Apartments is another outstanding opportunity to achieve rent upside of $305+ per apartment home (monthly) with interior upgrades.
With similar modernizations as suggested to Olive Pointe, new ownership will be able to push annual rental income by $339,000!
In addition to interior unit renovations, there is also additional upside in bringing other income more in alignment with the surrounding properties representing an increase of ~$40,000.
