1027 Caroline Drive
Property Description
115-unit value-add multifamily portfolio | 8.05% in-place (T3) cap, 9.41% proforma stabilized Strong unit mix - 80% of units are 2 beds Proven rent-up model: 2/3rds of units renovated, 1/3rd remaining for proven upside Market rent spread of at least $137/unit/month across non-renovated units High growth submarket - Franklin County: 4% vacancy, 2.2% annual population growth Dual-asset structure: 89-unit flagship complex and 26-unit garden community Extremely supply-constrained submarketBroker Details
Salient Realty Group 314-451-7471
MLS ID: GALAFSER State License Number: 2015014613
Key Property Information
| Listing Status: | Under Contract |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $10,500,000 |
| No. of Units: | 115 |
| Year Built: | 1974 |
| Lot Size: | 105,000.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $91,304 |
| Property Website | Click Here |
| Number of Bedrooms: | 5 |
| Number of Bathrooms: | 4 |
ID: 3yd-MARISMO-26038016
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