1528 James Patrick Lane

Spanish Lake, MO, 63138

$6,500,000

$6,500,000
Pending
Pending
 - For Sale
property_type
Multi-family
calendar
Built 1989
We are pleased to offer the opportunity to purchase The Reserve at Spanish Lake, a 76-unit multifamily property located within steps of Spanish Lake Park in St. Louis, MO (the 20th largest MSA in the country) which has shown strong market rent growth in the past year of 8% and low market vacancy of 6%. The asset has benefitted from a major capital improvement program implemented by the current ownership. It is well maintained with a proven in-place value-add business model, strong positive rent growth, and exhibits sought after features not readily available in the area. With in-place professional 3rd party property management, this property will be a smooth transition option for both local and out-of-town investors. Offering Memorandum and Financial Reports Available Upon Request
MLS® ID:
22041169
Updated:
10/2/22

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Laundry Description
Lndry Connect all Un
Cooling
Electric
Heating
Forced Air

Exterior/Building Features

Sewer
Public Sewer

School Information

School District
Hazelwood
High School
Hazelwood East High
Middle/Jr High
Southeast Middle
Elementary School
Arrowpoint Elem.

Other Property Details

Area Name
Hazelwood East
Taxes
$28134
Tax Frequency
per YEAR
Garage
No
Parking
Parking Lot, Unassigned
View
N
County
St Louis
Water Source
Public
Pool
No

Property History

Date
Event
Price
Value
9/12/22
Pending
-
-

Courtesy of EXP Realty, LLC

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