11542 Concord Village Ave, Concord, MO 63128
- Sqft
- 36,537
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Overview
Concord Place is a 50-unit property that is positioned for immediate rent growth with below-market rents and strong local demographics, allowing new ownership to implement a value-add strategy and push rents through targeted renovations.
• Built in 1966, Renovated in 2017-2018 (new roofs in 2022)
• 5 Buildings, 50 total units across 2.09 acres
• Mix of 1- and 2- bedroom units (60% two-bedrooms)
• Avg. in-place rent: $960/ unit (below market rents of $1,094 for 1BR and $1,355 for 2BR)
• 100% occupancy with strong in-place cash flow
• Recent capex expenditures over 500,000, including new roofs, interior upgrades, and exterior improvements
• Value-add potential through interior updates and adding washers/ dryers in units (currently only 2 units equipped)
• Prime location near Lindbergh Blvd, Tesson Ferry Rd, and I-270 with nearby developments like Tesson Ridge and new retail (including Chick-fil-a)
Location
Full feature list
Basic info
- Property type
- Multi-family
- Number of stories
- 2
- Square feet
- 36,537
- Lot size (acres)
- 2.09
- Year built
- 1966
Interior features
- Basement
- Yes, Finished
Utilities
- Heating
- Electric
- Cooling
- Central Air
- Water
- Public Water
Public schools
Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.
Sourced from: MARIS MLS MLS®#: 25068193 Last checked: …
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.