Apartment Complex€¦ · Apartment Complex $2,190,000 92 Units RIVERVIEW PARK PLACE 10058 Toelle...

Apartment Complex$2,190,000

92 Units

RIVERVIEW PARK PLACE10058 Toelle Lane

St. Louis, MO 63137

Presented by:

Ken WedbergOffice: 314.446.7540Cell: [email protected]

Lee SchneltingOffice: 314.336.1950Cell: [email protected]

2203 South Big Bend Blvd. • St. Louis, MO • 314-647-2220 • 1-800-592-4502 • www.realtyexchangeweb.com

REALTYEXCHANGE®

Table of Contents

Confidentiality Agreement & Disclaimer 3

Apartment Package Summary 4

Property Description - Riverview Park 5

Property Photographcs - Riverview Park 6

Floor Plan - Riverview Park Place 7

The Market 8

Location Maps 9

Financial Proforma 10

Rent Roll - Riverview Park Place 11

Sale Comps 12

Demographics 13

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Confidentiality Agreement & Disclaimer

This is a confidential sales packet intended for your use in determining whether you wish to acquire the following Apartment Complex, Riverview Park Place, 10058 Toelle Lane, St. Louis, MO 63137.

The owners have used their best efforts to provide accurate information. However, the prudent investor should not rely upon these figures, projections and assumptions, as they are subject to change. You are encouraged to make your own calculations according to the criteria you deem appropriate. The following information, charts and projections are included for demonstration purposes only and are not in any way guaranteed.

By your receipt of this brochure, you acknowledge its confidential nature and agree that you will not, directly or indirectly, disclose or permit someone else to disclose this material to any otherperson, firm or entity without the prior written permission of Realty Exchange.

RIVERVIEW PARK PLACE92 Units

Presented by:


Lee SchneltingOffice: 314.336.1950Cell: [email protected]

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Apartment Package Summary

The Offering

Realty Exchange has been retained as the exclusive agent to represent the

aforementioned Apartment Complex, Riverview Park Place, 10058 Toelle Lane, St. Louis,

MO 63137. The property contains a total of 92 units in North St. Louis County, MO.

Investment Highlights

• 92 Units - 80 One Bed / 12 Two Bed Apartments

• Complex Consists of 10 Buildings

• Good, Large Layouts

• On Site Laundry

• Tenants Pay Utilities

• On-Site Management Office

• Ample Parking of 110 Spaces

• Value Add Play

Investment Highlights

All offers will be considered. The owners are not offering any financing. To schedule a

property inspection or to receive answers to questions, please contact:

Ken Wedberg at 314-446-7540 and Lee Schnelting at 314-336-1950.

Please do not contact on-site management.

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Property Description - Riverview Park Place

The Property: Riverview Park Place 10058 Toelle Lane St. Louis, MO 63137

Location: North County, MO

Property Type: Apartments/Multifamily Residential

Units: 92 Units: 80 One Bed / One Bath 12 Two Beds / One Bath

Market Rents: One Bedroom: $525, Two Bedroom: $595

Year Built: 1960

Parking: Approx. 110 Parking Spaces

Lease Type: Primarily One Year Leases, Some Mtm

HVAC: Primarily Gas Forced Air (5 Units Baseboard Electric) Individual Central Air Conditioning

Water Heat: Separate Gas Units in Each Apartment

Amenities: Laundry Room On-Site Office Stove & Refrigerator Wood Kitchen Cabinets Riverview Park Adjacent & South of Complex Private Entrance to Most Units

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Property Photographs - Riverview Park Place

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Floor Plan-Riverview Park Place

Presented By:


1 Bedroom East626 Square Feet

2 Bedroom West657 Square Feet



Floor Plan - Riverview Park Place

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R i ve r v iew Park Place and Glasgow Gardens are both located in Nor th S t . Louis Count y. Nor th Count y cons is ts of 21 c i t ies , some of which inc lude Be l le fonta ine Ne ighbors , F lor issant , Haze lwood , Sa int A nn , Ferguson , Jennings , and De l lwood. Nor th Count y ’s convenient locat ion prov ides easy access to S t . Louis Count y and Downtown S t . Louis , which is on ly t went y minutes away.

North County is home to many major corporations including Boeing, Lambert St. Louis International Airport , Emerson Electric Company, GKN Aerospace, and Mallinckrodt Inc. New companies such as Centene, Express Scripts, Starbucks, and Schnucks Markets, Inc. are expanding to North County opening new stores or facilities in the area adding jobs and economic development to the area. You’ll find public transportation, beautiful parks, cultural attractions, and outstanding public and private schools.

The Market

Riverview Park Place is located in North St. Louis County. North County consists of 21 cities, some of which include Bellefontaine Neighbors, Florissant, Hazelwood, Saint Ann, Ferguson, Jennings, and Dellwood. North County’s convenient location provides easy access to St. Louis County and Downtown St. Louis, which is only twenty minutes away.

North County is home to many major corporations including Boeing, Lambert St.Louis International Airport, Emerson, Electric Company, GKN Aerospace, and Mallinckrodt Inc. New companies such as, Centene, Express Scripts, Starbucks, and Schnucks Markets, Inc. are expanding to North County opening new stores or facilities in the area adding jobs and economic development to the area. You’llfind public transportation, beautiful parks, cultural attractions, and outstanding public and private schools.

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Location Maps

Riverview ParkPlace

GlasgowGardens

Complexes are within 10 minutes of each other

GlasgowGardens

Riverview Park Place

Presented By:


Location Maps

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Financial Proforma

Income Annual Rent Market RentRent Income $541,920 $560,880 Vacancy: 11.00% $59,611 $61,697 Net Rent Income $482,309 $499,183 Laundry $4,000 $4,000 Effective Gross Income $486,309 $503,183 ExpensesLawn and Snow $7,722 $7,722 Cleaning $2,622 $2,622 Exterminater $672 $672 Insurance $12,470 $12,470 Legal $7,500 $7,500 Office Manager $20,400 $20,400 Management $11,928 $11,928 Repairs $51,511 $51,511 Taxes $40,227 $40,227 Utilities $76,885 $76,885 Total Operating Expenses $231,937 $231,937 Net Income $254,372 $271,246

UnitType Units Current

Avg RentAnnual

Rent Market

RentAnnual

Rent2 BR LL 12 $570 $82,080 $595 $85,680

1 BR 80 $479 $459,840 $495 $475,200 Totals 92 $541,920 $560,880

Unleveraged LeveragedCash on Cash / Cap Rate 11.62% 25.06%Debt Service Ratio 1.76

Purchase Price $2,190,000 Required Equity 20.00% $(438,000)Debt $1,752,000 Annual Debt Service 20 ($144,621.43) 20 yr amort / 5% 5.00%

Proforma Unit Type

Net Operating Income $254,372 Cap Rate 11.62%Projected Purchase Price $2,190,000 Price Per Unit $23,804 Required Equity $438,000

Value Summary

Financing Assumptions

Return on Investment Analysis

Riverview Park PlaceBased on Current Avg Rent and 2018 Expenses

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Rent Roll - Riverview Park Place

10056 Toelle Apt A $120 $450 10056 Toelle Apt B $400 $475 10056 Toelle Apt C $400 $475 10056 Toelle Apt D $250 $495 10057 Toelle Apt E $450 $475 10057 Toelle Apt F $475 $475 10057 Toelle Apt G $350 $450 10057 Toelle Apt H $250 $465 10057 Toelle Apt J $475 $475 10057 Toelle Apt K $495 $495 10057 Toelle Apt L $250 $495 10057 Toelle Apt M $- $450 10058 Toelle Apt A $475 $500 10058 Toelle Apt B $450 $470 10058 Toelle Apt C $100 $500 10058 Toelle Apt D $475 $475 10059 Toelle Apt E Vacant 10059 Toelle Apt F $495 $495 10059 Toelle Apt G $- $465 10059 Toelle Apt H Vacant 10059 Toelle Apt J $475 $475 10059 Toelle Apt K $300 $475 10059 Toelle Apt L $495 $495 10059 Toelle Apt M $250 $495 10060 Toelle Apt A $- $475 10060 Toelle Apt B $500 $475 10060 Toelle Apt C $450 $475 10060 Toelle Apt D $475 $475 10062 Toelle Apt A $250 $500 10062 Toelle Apt B Vacant 10062 Toelle Apt C $200 $495 10062 Toelle Apt D $250 $475 10064 Toelle Apt A $250 $470 10064 Toelle Apt B $250 $460 10064 Toelle Apt C Vacant

10064 Toelle Apt D $400 $465 10066 Toelle Apt A $495 $495 10066 Toelle Apt B $200 $475 10066 Toelle Apt C $495 $495 10066 Toelle Apt D $100 $500 10067 Toelle Apt E Vacant 10067 Toelle Apt F $485 $485 10067 Toelle Apt G $475 $475 10067 Toelle Apt H $250 $495 10067 Toelle Apt J $250 $495 10067 Toelle Apt K $495 $495 10067 Toelle Apt L Vacant 10067 Toelle Apt M $250 $475 10068 Toelle Apt A $440 $475 10068 Toelle Apt B $475 $475 10068 Toelle Apt C $100 $450 10068 Toelle Apt D $495 $495 10069 Toelle Apt 1/2 A $100 $475 10069 Toelle Apt 1/2 B Vacant 10069 Toelle Apt 1/2 C Vacant 10069 Toelle Apt 1/2 D $460 $475 10069 Toelle Apt A Vacant 10069 Toelle Apt B $250 $450 10069 Toelle Apt C $495 $495 10069 Toelle Apt D $100 $500 10070 Toelle Apt A Vacant 10070 Toelle Apt B $495 $495 10070 Toelle Apt C $475 $475 10070 Toelle Apt D $250 $470 10071 Toelle 1/2 A $250 $495 10071 Toelle 1/2 B $475 $475 10071 Toelle 1/2 C Vacant 10071 Toelle 1/2 D $475 $485 10071 Toelle Apt A $250 $495 10071 Toelle Apt B $475 $475

10071 Toelle Apt C $495 $495 10071 Toelle Apt D $250 $470 10073 Toelle Apt 1/2 A $475 $495 10073 Toelle Apt 1/2 B $250 $475 10073 Toelle Apt 1/2 C $450 $475 10073 Toelle Apt 1/2 D $250 $500 10073 Toelle Apt A Vacant 10073 Toelle Apt B $475 $475 10073 Toelle Apt C $400 $450 10073 Toelle Apt D $335 $450 10071 Toelle 1/2 D $475 $475 10071 Toelle Apt A $100 $500 10071 Toelle Apt B $200 $525 10071 Toelle Apt C $- $475 10071 Toelle Apt D $250 $450 10073 Toelle Apt 1/2 A $475 $475 10073 Toelle Apt 1/2 B $250 $475 10073 Toelle Apt 1/2 C $450 $475 10073 Toelle Apt 1/2 D $250 $460 10073 Toelle Apt A $450 $450 10073 Toelle Apt B $250 $500 10073 Toelle Apt C $400 $450 10073 Toelle Apt D $335 $450 10057 Toelle Apt 1/2 B $500 $595 10057 Toelle Apt 1/2 C $595 $595 10057 Toelle Apt 1/2 D $250 $575 10059 Toelle Apt 1/2 A Vacant 10059 Toelle Apt 1/2 B $595 $595 10059 Toelle Apt 1/2 C $200 $595 10059 Toelle Apt 1/2 D Vacant 10067 Toelle Apt 1/2 A Vacant 10067 Toelle Apt 1/2 B $595 10067 Toelle Apt 1/2 C Vacant 10067 Toelle Apt 1/2 D $595 $595

Totals $26,125 $36,755

Address Deposit RentAddress Deposit RentAddress Deposit Rent

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10056-10058 Toelle Ln - Riverview Par…

PREPARED BY

Ken Wedberg

Director of Commercial Brokerage

Demographics

73,932 SF Multi-Family Building

Demographics

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Demographic Overview10056-10058 Toelle Ln

Population (1 mi)

11,558Avg. HH Size (1 mi)

2.6Avg. Age (1 mi)

37Med. HH Inc. (1 mi)

$33,693DEMOGRAPHIC RADIUS RINGS

DEMOGRAPHIC SUMMARY

5 Mile3 Mile1 MilePopulation

165,74973,60711,5582017 Population

165,66773,55411,5122022 Population

(0.1%)(0.1%)(0.4%)Pop Growth 2017-2022

3737372017 Average Age

Households

63,55927,9014,3362017 Households

63,51227,8774,3192022 Households

(0.1%)(0.1%)(0.4%)Household Growth 2017-2022

$37,018$34,970$33,693Median Household Income

2.62.62.6Average Household Size

111Average HH Vehicles

Housing

$78,697$71,820$66,608Median Home Value

195919601955Median Year Built

3/5/2018Copyrighted report licensed to Realty Exchange Commercial Group -

432870. Page 86

Demographics

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