Courtland Manor St. Louis, MO

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Courtland Manor

Address

7594 Watson Road
St Louis, MO 63119

Summary

Units: 95
Year Built: 1973
Year Renovated: 2023

Investment Summary

Proven Value-Add Upside of $200+/Unit/Month
Extremely Well-Maintained Asset - Significant Recent Capital Investment
Dynamic Infill Location - Surrounded by Historic Neighborhoods & Unique Retail & Restaurants
Zero New Supply in Submarket - Creating Ideal Value-Add Opportunity
Unmatched Access & Connectivity to Entire St. Louis MSA
Offered Free & Clear Of Existing Debt

Value-Add Upside of $200+/Unit/Month

Courtland Manor offers majority classic-finish units paired with current average rents that are well below market levels. New ownership has an incredible opportunity to capture significant, proven rental premiums of $200+/unit/month through cosmetic upgrades to unit interior (new/painted cabinets, LVP flooring, modern paint, upgraded hardware/fixtures).

Extremely Well-Maintained Asset - Significant Recent Capital Investment

Courtland Manor has been extremely well maintained under current ownership and has seen significant recent capex invested into the exteriors and addressing previously deferred maintenance. This recent investment will allow new ownership to focus their capital spend on unit interiors that will directly and significantly increase revenues.

Dynamic Infill Location - Surrounded by Historic Neighborhoods & Unique Retail & Restaurants

The South St. Louis County location offers residents a dense, dynamic neighborhood that is surrounded by unique local restaurants and businesses, multiple grocery options, fantastic parks, well-maintained walking/biking trails, and proximity to everything that St. Louis County has to offer. This desirable and high-barrier-to-entry location has very low vacancy and zero new construction in the pipeline, creating an ideal value-add opportunity.

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Location Map

Map Type

Fullscreen

Amenities

Tenant Services

Unit Amenities

Dishwasher
Granite Countertops
Disposal
Carpet/Vinyl/Tile Flooring*
Living Room Patio or Balcony*
Renovated Units*
Self-Cleaning Ovens*
New Vanities & Tub/Showers*
Deadbolt Locks
Frost-Free Refrigerators
Spacious Walk-In Closets
High-Speed Internet Access/Cable-Ready TV
Eat-In Kitchen/Breakfast Bar

*Select Units Only

Community Amenities

24-Hour Emergency Maintenance
Controlled Access/Intercom Entry
New Shared Laundry Facilities
On-Site Management Team
Off-Street Parking
Patio
Storage
BBQ Area/Lawn
A Couple Blocks from Shrewsbury MetroLink Station
Minutes from Highways 270, 44, 40, 55 & 170
Walking/Biking Trails
Pet Friendly (Dogs & Cats – Breed Restrictions Apply)

Team

Brokerage Team

When evaluating your options for a partner to assist with the sale of your multifamily asset, there are a number of factors you may consider. From experience and market knowledge to marketing prowess and ongoing support, each plays an integral role in creating a positive experience and a profitable outcome. Yet the one competency you may never have considered could be the one that matters most: the ability to move capital across markets efficiently and effectively.

MMG possesses a unique combination of talent, resources, expertise, and access that delivers an elevated experience from acquisition to disposition. Discover the benefits of a partnership with us.