Seven Hills Forest 233 Northport Hills Drive
Florissant, MO 63033
For Sale
62,400 sqft
Sale Price
$2,300,000
Brochure
Map
Multifamily For Sale - Available Immediately
26-unit value-add asset in the St. Louis MSA
Large unit sizes averaging 2,400 SF, well above the market average of 988 SF
Unit amenities include fireplaces in most units, basements with finished entertainment space and utility area with washer/dryer hookups, large closets with extra storage space, dedicated surface and covered parking, and private decks
Recent capital improvements include new siding in 2023, new roofs with 30-year architectural shingles in 2021, and HVAC systems replaced in all units in 2022
Below market rents - Average rent of $1,300 is $303 below the average in the competitive set, providing immediate value-add to new ownership
Value-add opportunities through further cosmetic upgrades and increasing inplace rents to market rate
Located in Florissant, Missouri, a suburb of St. Louis, with proximity to St. Louis Community College - Florissant Valley and major employers including Boeing, Lambert International Airport, and Amazon Fulfillment Centers.
Excellent access to Hwy 170 and less than 1 mile from Hwy 270; only 10 miles from Lambert St. Louis International Airport and 15 miles to downtown St. Louis
Offered significantly below replacement cost
Get in touch
Matt Bukhshtaber
Kenin Halilovic
Mark Bukhshtaber
CBRE is pleased to offer for sale Seven Hills Forest Townhomes, a 26-unit condominium community located in Florissant, Missouri. Built in 1984, the
Property offers an investor the rare opportunity to acquire a stabilized asset with proven operating performance and tremendous upside potential. Most
of the units are in classic or near classic condition, allowing new ownership the opportunity to push rents through further continued unit upgrades or
increasing in-place rents to market rate.
The Property features a mix of 2 and 3 bedroom condominium homes with 2.5 baths. Unit amenities include three floors of living space with 2,400 square
feet, fireplaces in most units, full basements with finished entertainment space and utility area with washer/dryer hookups, large closets with extra storage
space, and dedicated surface and covered parking.
With its strategic location less than 1 mile from I-270, 10 miles from Lambert-St. Louis International Airport and 14.2 miles from downtown St. Louis, this
property offers easy access to the city’s cultural and recreational attractions, making it an ideal investment opportunity in the St. Louis MSA.
Seven Hills Forest is part of a larger 344 total unit, five property portfolio. Properties can be purchased individually or as a portfolio.
Property offers an investor the rare opportunity to acquire a stabilized asset with proven operating performance and tremendous upside potential. Most
of the units are in classic or near classic condition, allowing new ownership the opportunity to push rents through further continued unit upgrades or
increasing in-place rents to market rate.
The Property features a mix of 2 and 3 bedroom condominium homes with 2.5 baths. Unit amenities include three floors of living space with 2,400 square
feet, fireplaces in most units, full basements with finished entertainment space and utility area with washer/dryer hookups, large closets with extra storage
space, and dedicated surface and covered parking.
With its strategic location less than 1 mile from I-270, 10 miles from Lambert-St. Louis International Airport and 14.2 miles from downtown St. Louis, this
property offers easy access to the city’s cultural and recreational attractions, making it an ideal investment opportunity in the St. Louis MSA.
Seven Hills Forest is part of a larger 344 total unit, five property portfolio. Properties can be purchased individually or as a portfolio.
Total Space Available
62,400 sqft
Sale Price
$2,300,000
Get in touch
Matt Bukhshtaber
Kenin Halilovic
Mark Bukhshtaber