- Recently Renovated Asset with Significant Future Upside
- Central West End – A Truly Irreplaceable Urban Location
- Surrounded by Class A+ New Construction Communities
- Organic Upside Due to Ownership Prioritizing Occupancy After Recent Renovations
- High Demand Infill Location – Easy Access to Major Employers & Institutions
- Young & Affluent Neighborhood Demographic
- Offered Free & Clear of Existing Debt
Recently Renovated Asset with Significant Future Upside
The Raphael is a charming, turn-of-the-century building that has been painstakingly restored in 2023. The asset presents the opportunity to continue renovations and take the finishes to the next level, matching the A+ new construction that has filled the neighborhood in recent years. With an additional investment into the units, common areas, and building amenities, there is an opportunity to significantly move revenues while remaining hundreds of dollars more affordable per month than the surrounding newer construction assets.
Central West End – A Truly Irreplaceable Urban Location
The Central West End neighborhood is the heart and soul of St. Louis. Home to the Barnes Jewish Hospital Campus, Washington University Medical School, St. Louis College of Pharmacy, Shriner’s Children’s Hospital, Cortex Innovation Community, The Chase Park Plaza Hotel, Whole Foods, Straub’s Fine Grocers, COUNTLESS restaurants and bars, and the best retail shopping in St. Louis, it is the only truly walkable live-work-play neighborhood in St. Louis. Home to the highest rents in the entire state of Missouri and the highest concentration of new Class-A multifamily construction projects in the St. Louis MSA, the neighborhood is truly unique, and the location of The Raphael is truly irreplaceable.
Surrounded by Class A+ New Construction Communities
Located in the fast-growing Central West End neighborhood, The Raphael is surrounded by new Class A+ apartment communities that have transformed the neighborhood in recent years and brought more young, affluent renters back into the urban core. Immediately surrounding the asset are three recent deliveries – Marlowe, The Orion, and The 100. These developments have been transformative for the neighborhood and provide an extremely high rent ceiling to draft off as a new investor upgrades The Raphael and pushes the finish to Class-A levels.