Courtyard Gardens St Louis, MO

Investment Highlights

• Value-Add Upside Through Cosmetic Unit Renovations & Amenity Upgrades
• Significant Recent Capex Spend – Wiring, Panels, Stacks & More
• Impressive In-Place Operations Offer Strong Day One Cash Flow
• Fantastic Workforce Location – Surrounded by Region’s Largest Employers
• Unmatched Access & Connectivity to Entire St. Louis MSA
• Extremely Attractive Basis – Well Below Current Replacement Cost
• Unique Opportunity to Obtain Immediate Scale with 184 Units
• Offered Free & Clear of Existing Debt

Value-Add Upside Through Cosmetic Unit Renovations & Amenity Upgrades

Courtyard Gardens offers a new investor huge upside through continued unit modernization and amenity upgrades. With a very light unit upgrade package (painted cabinets, new fixtures and hardware, and updated paint), a $125-150+ rent premium over current in-place rents can be achieved. These premiums will result in an overall revenue increase of over $290,000!

Significant Recent Capex Spend – Wiring, Panels, Stacks & More

Current ownership has invested significant capital into Courtyard Gardens recently. This capital spend has included upgrades or replacements of nearly all the major building systems – including new electrical panels, upgraded plumbing stacks, reworked kitchens and new plumbing fixtures. By focusing on these major capex items while maintaining extremely strong operations and occupancy, current ownership has created an ideal scenario for a new investor to focus their capital investment solely on revenue-generating upgrades moving forward.

Impressive In-Place Operations Offer Strong Day One Cash Flow

Courtyard Gardens offers incredibly high occupancy (99%+) and extremely strong in-place operations – allowing new ownership to generate extremely strong day one cash flow. Going forward, as the new owner continues to capitalize on the proven value-add business model, they will see outsized cash returns as rental income continues to grow!

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