$6,500,000

11542 Concord Village Avenue, St Louis, MO 63128

  • 36,537 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1966
  • Property Lot Size Icon2.09acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $178/sqft
  • Property List Date Icon Listed 1 month ago

Property Description

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) • 96% 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) • Asking price is $6,500,000 ($130,000 per unit)

Listing Status:
Active
Date Added:
October 7, 2025 at 05:00AM
Listing Office:
CBRE : 314-655-6000
MLS ID:
25068193
  • Appliances: CooktopMicrowaveOvenRefrigerator
  • Basement: ConcreteUnfinishedWalk-Out Access
  • A/C: Central Air
  • Heating: Electric
  • General: Courtyard
  • Style: Apartment Style
  • Parking: Asphalt
  • General: BrickTwoConcrete Perimeter
  • HOA Amenities: None
  • Originating MLS: maris2
  • School District: Lindbergh Schools
  • County: St. Louis
  • Zoning: 28K-43-0599
  • Water: Public
  • Source: maris2
  • Ownership: Private

This listing courtesy of CBRE

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

C

Concord Elementary School

10305 Concord School Rd, Saint Louis, MO, 63128

Grades KG-5

0.63 miles away

S

Sperreng Middle School

12111 Tesson Ferry Rd, Saint Louis, MO, 63128

Grades 6-8

0.60 miles away

L

Lindbergh High School

5000 S Lindbergh Blvd, Saint Louis, MO, 63126

Grades 9-12

0.96 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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