Broadway Park & One Loop Apartments 2 biens | Immeuble residentiel | Saint Louis, MO

Newmark has been retained as Exclusive Listing Agent for Broadway Park Apartments and One Loop Apartments (the “Broadway Park & One Loop Portfolio”). The portfolio comprise a two-asset, value-add multifamily portfolio in the Saint Louis metro. Built in 1963 and 1970, the properties have undergone significant renovations between 2021 and 2023, bringing them to a modern standard while preserving long-term structural integrity. Combined, the portfolio totals 163 units and is available for purchase individually or as a combined package.
VALUE-ADD OPPORTUNITY WITH UPSIDE POTENTIAL
Broadway Park and One Loop offer investors proven opportunities for revenue growth. With rents at least $150 per month below that of nearby comparable properties, this portfolio allows new ownership to increase revenues by raising rents to submarket averages.
ATTRACTIVE FINANCING AND STRONG OPERATIONS
Investors will benefit from assumable full-term, interest-only Fannie Mae debt, paired with strong in-place operations delivering double-digit cash yields on Day 1. Substantial recent capital investment in building systems, grounds, unit interiors and community amenities further reduce near-term risk while supporting long-term performance.
CENTRAL LOCATION
Broadway Park Apartments and One Loop Apartments are both gated communities and feature upgraded interiors, including luxury vinyl plank flooring, new cabinetry, and modern appliances. Centrally located within St. Louis, the properties provide residents with excellent access to major employment hubs and regional job centers.