Description
Park Vue Flats is a newly renovated complex is in the historic South Side of St. Louis City, adjacent to the beautiful 27-acre campus of St. Mary’s High School. This property is in the final stages of an extensive, years-long renovation. It’s a like-new apartment complex with significant value-add potential. The complex comprises 84 fully updated apartments with 168 bedrooms. There are (52) 2-bed/1,5 bath units and (32) 2-bed/1.5 bath units with private patios. 2-bed/1.5 bath units now rent for $1,100 plus $36 utility fee. 2-bed/1.5 bath units with private patios now rent for $1,200 plus $36 utility fee. Construction on the complex is approximately 97% complete. Occupancy is currently 75%, the property will be delivered at a minimum of 90% occupancy. There is potential to increase the value of the property significantly by raising rents to current market rates at renewal, and also adding fees for parking, pets, and tenant storage. Can be purchased with One Loop Apartments.
Nearby Schools
Froebel Elem.Elementary School
Long Middle Community Ed. CenterMiddle School
Roosevelt HighHigh School
Location
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Listing Office: Invest St. Louis
Attribution contact: 3256201
