- UPGRADE PREMIUMS OF $125-150/UNIT WITH STRATEGIC INTERIOR ENHANCEMENTS
- A WELL-MAINTAINED ASSET PRIMED FOR VALUE-ADD IMPLEMENTATION
- OFFERED FREE AND CLEAR OF ANY EXISTING DEBT
- DESIRABLE UNIT MIX LOCATED IN AN EXCELLENT SCHOOL DISTRICT
- STRATEGICALLY LOCATED ASSET PROXIMATE TO ST. LOUIS AND ST. CLAIR COUNTY’S MAJOR DEMAND DRIVERS
- PROXIMATE TO RESTAURANT, SHOPPING & ENTERTAINMENT
Upgrade Premiums of $125-150/Unit with Strategic Interior Enhancements
The Crossings Portfolio offers truly vintage unit interiors in 54% of the units that are prime for modernization. With continued strategic renovations to the interior finish package, significant premiums of $125-150 can be achieved. Cosmetic upgrades to the kitchen cabinets, adding wood-look plank flooring, updated countertops, new appliances, and updated fixtures, as well as upgraded bathrooms, will allow a new buyer to significantly push annual rental income.
A Well-Maintained Asset Primed for Value-Add Implementation
While the majority of unit interiors remain mostly classic from a finish perspective, the asset has received several upgrades including new roofs, new exterior siding on select buildings, and improved grounds. The high-quality physical asset will allow for new ownership to focus on driving top-end rental growth with unit interior upgrades.
Offered Free and Clear of any Existing Debt
The Crossings Portfolio is being offered free and clear of existing debt, providing the opportunity for a new investor to take advantage of the highly competitive capital markets, low-interest rates, and long-term debt with interest-only options and maximum leverage, supporting exceptional returns on investment.
