- Well-occupied offering with substantial value-add upside
- 100% two-story townhomes | Average unit size 1,500+ sqft
- 156 units provide the ability to obtain immediate scale
- Offered free & clear of existing debt
- Highly visible asset with outstanding connectivity
WELL-OCCUPIED OFFERING WITH SUBSTANTIAL VALUE-ADD UPSIDE
The Mint’s current ownership group has taken great care of the asset and addressed all significant capex needs, allowing the next investor to focus on revenue-increasing investments into the unit interiors. Current rents are well below market for large, townhome-style units. With a light value-add upgrade package, a new owner can move rents significantly to increase returns!
100% TWO-STORY TOWNHOME UNITS – AVERAGE UNIT SIZE OVER 1,500 SF
The asset offers 156, two-story townhome-style units boasting an average size of 1,521 SF. With townhome units remaining in high demand throughout the St. Louis MSA, The Mint is well-positioned to capture tenants that want to be close to their workplaces and to have the largest units in the submarket (and some of the largest units in the entire St. Louis region).
156 UNITS PROVIDE THE ABILITY TO OBTAIN IMMEDIATE SCALE
This offering 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.
