Patton Properties
The Ryan Patton Group, Patton PropertiesPhone: (314) 952-4233
Email: [email protected]

Real estate listing preview #1Real estate listing preview #2Real estate listing preview #3Real estate listing preview #4Real estate listing preview #5Real estate listing preview #6Real estate listing preview #7Real estate listing preview #8Real estate listing preview #9Real estate listing preview #10Real estate listing preview #11Real estate listing preview #12Real estate listing preview #13Real estate listing preview #14Real estate listing preview #15
listing
1 of 15
CommercialFor Sale
$3,350,000
1245 North & South Boulevard
St Louis, MO 63130
Courtesy of Apartment Advisors Of America
MLS: Mid America Regional MLS (MARIS)
Est. Mortgage
$17,392/mo

Forest Grove Apartments is a 32 unit apartment community comprised of 28-two bedroom units and 4-three bedroom units with average rents of $1,020 per month. The Property offers plenty of upside potential to generate an additional $4,000 per month in revenue based on current in place rents. The owner has completed numerous capital improvements, including: new roofs, new gutters, deck replacement, parking lot repaving/striping, new flooring in stairwells, new exterior paint, all new electrical panels, updated laundry facility and several HVAC replacements within the last 24 months. Forest Grove is a low maintenance, turn-key investment opportunity that would be perfect for a seasoned investor or a new Buyer looking for a great opportunity. Additionally, the surrounding area has a ton of new development and employment. Forest Grove Apartments is located near the new (50 acre, $211-million) "Market at Olive Development" located at Interstate 170 and Olive Blvd.

Get in touch
Information courtesy of Apartment Advisors Of America is subject to verification and is not guaranteed.
Community / School Information