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2901 Frederick Ave Saint Joseph, MO 64506

179-Unit Multifamily Investment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
131
This exceptional multifamily investment opportunity presents a substantial portfolio of 179 apartment units located at 2901 Frederick Ave, Saint Joseph, Missouri, 64506, within Buchanan County. Constructed in 1958, this established property offers a significant presence in the Saint Joseph market. The portfolio's 179 units provide a substantial rental income stream, representing a compelling investment prospect for experienced multifamily investors. The property's location in Saint Joseph offers access to local amenities and services, contributing to its appeal to tenants. Detailed financial information and operational data are available upon request. This is a rare chance to acquire a well-established, sizable apartment complex in a stable Missouri market. The property's age presents opportunities for value-add renovations and potential rent increases, further enhancing its investment potential. Prospective buyers are encouraged to conduct their own due diligence to fully assess the property's financial performance and market position. This offering represents a significant opportunity for investors seeking a substantial multifamily asset in a desirable location. Further information regarding the property's financial performance and operational details can be provided to qualified buyers. Serious inquiries only.

Highlights

  • Exceptional portfolio of 1,260 apartment units across 5 properties in high-growth St. Joseph, Missouri.
  • Strong historical occupancy exceeding 95%, demonstrating consistent rental income.
  • Value-add opportunities exist through strategic capital improvements and rent optimization.
  • Attractive in-place rents below market rates, providing significant upside potential.
  • Well-located properties with convenient access to major employers and amenities.

Property Details for 2901 Frederick Ave

Property type
Apartment buildings
Year Built
1958
Units
179

Location Insight

City
Saint Joseph
County
Buchanan
State
Missouri
Latitude
39.7783977
Longitude
-94.8212252

FAQs

What type of property is this?
Apartment building - 179-Unit Multifamily Investment Opportunity
Where is the apartment building located?
The property is located at 2901 Frederick Ave Saint Joseph, MO.
What are key features of this property?
This property features: Exceptional portfolio of 1,260 apartment units across 5 properties in high-growth St. Joseph, Missouri.; Strong historical occupancy exceeding 95%, demonstrating consistent rental income.; Value-add opportunities exist through strategic capital improvements and rent optimization.
How can I contact the broker?
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2901 Frederick Ave
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