6203 Kingsfont Place

Property Description

Heatherton Estates offers the opportunity to acquire a 256-unit, well-located, institutional-scale multifamily asset in a low-supply St. Louis submarket with a proven value-add strategy. The property combines strong in-place cash flow, desirable townhome-style units, and a quiet, low-density setting, with continued upside through interior renovations. Limited new supply, regional connectivity, and the ability to secure full-leverage agency financing support both near-term income and long-term revenue growth. Fully Proven Value-Add Business Plan and Rent Premiums Heatherton Estates provides the opportunity to acquire a 1971-built asset with a proven value-add business plan. Strong in-place operations, limited capital needs, and dated finishes in classic units support a renovation strategy that is projected to generate more than $250,000 in incremental top-line revenue. Attractive Townhome-Style Units The property includes 106 oversized, two-story townhome-style units that are limited in the submarket and consistently in demand. These units command rent premiums, support resident retention, and broaden the community’s appeal through a diverse floor plan offering. Quiet, Low-Density, Park-Like Setting Heatherton Estates is positioned between a residential neighborhood and a golf course, creating a quiet, park-like environment. This setting, combined with a low-density site layout, contributes to a resident experience that is differentiated within the submarket. Strong In-Place Operations Supporting Day-One Cash Flow The property is approximately 95% occupied with stable in-place operations, allowing new ownership to step into immediate cash flow while continuing the unit renovation strategy to capture remaining revenue upside. Full Complement of Luxury Tenant Amenities Heatherton Estates features an upgraded amenity offering that differentiates the property within the Florissant submarket. Current ownership completed a comprehensive renovation of the clubhouse and tenant lounge, enhancing the resident experience and leasing appeal. Institutional Scale With 256 Units With 256 units, the property offers scale suitable for both established investors seeking to expand within St. Louis and those pursuing an initial acquisition with immediate operational efficiency. Regional Connectivity and Access via I-270 Located just off I-270, Heatherton Estates provides convenient access to major employment, retail, and entertainment centers throughout the St. Louis region. Low-Supply Market Dynamics Supporting Value-Add Execution Apartment deliveries across the St. Louis MSA reached multi-decade lows in 2025 and are expected to remain limited into 2026. These conditions support revenue growth for renovated assets without the supply pressure present in many other markets. Offered Free and Clear of Existing Debt Heatherton Estates is offered free and clear of existing debt, providing flexibility to pursue full-leverage agency financing or alternative capital structures. Please contact the Newmark team to discuss financing options and current debt quotes.