11065 Dunklin DrSt. Louis, MO 63138
Trinity Park Apartments
Asset ClassMultifamily
# Units490
490-Unit Value-Add Multifamily Opportunity in Saint Louis, Missouri
Overview
Marcus & Millichap has been selected to exclusively market for sale Trinity Park Apartments, a 490-unit multifamily property in Saint Louis, Missouri.
This investment offers a value-add opportunity to acquire an asset with significant upside potential on affordable units upon stabilization.
Investment Highlights
AVG SF
760
Square Feet
372,360
- Saint Louis is a City Along the Mississippi River, Home to the Gateway Arch, Major Cultural Institutions, and Diverse Neighborhoods.
- Value-Add Opportunity
- Low Price Per Unit: $36,735 per Unit
- The Section 42 Low Income Housing Tax Credit Program (LIHTC) was placed in service in 2007 & 2008 and expires in 2037 & 2038.
- 436 units are Required to be Rented to Income Qualifying Residents Earning No More than 60% of AMI Limits
- A Total of 102 Units Between Both Properties are Recipients of HUD Section 8 Project Based Rental Assistance
- Option 2 Renewed Starting January 2025 and Expires in 20 Years; Contract Aids with 85 Units.
Photo Gallery
11065 Dunklin DrSt. Louis, MO 63138
13 Miles North of Downtown Saint Louis and Forest Park
Three Miles South of the Future Saint Louis Zoo Wildcare Park
14 Miles East of Saint Louis Lambert International Airport
Easy Access to Interstate 270 and Route 367
Close to Saint Louis Community College - Florissant Valley
Exclusively Listed By
Andrean AngelovSenior Managing Director Investments
License #: IL 475.152025
(847) 212-5328andrean.angelov@marcusmillichap.comAaron KuroiwaSenior Managing Director Investments
License #: IN: RB17000780
(317) 218-5300aaron.kuroiwa@marcusmillichap.com
Listing provided by Revere CRE