75-Unit Condominium Portfolio

A rare opportunity to acquire a diversified portfolio of 75 condominiums strategically located across North St. Louis County. This well-performing portfolio offers consistent cash flow, stable tenancy, and strong capitalization potential for both seasoned and first-time multifamily investors.

Portfolio Composition: 75 condominiums across five municipalities: Hazelwood, Florissant, Bridgeton, Ferguson, and Unincorporated St. Louis County.

Asking Price: $5,300,000

Current Performance: $70,000 a door, the monthly income is $77,000 at full occupancy with an estimated cap rate exceeding 9.5%.

Lease-to-Own Program: 31 units operate under a unique model where tenants gain partial LLC ownership, granting full condo ownership after 15 years of continuous payments. Tenants cover HOA fees and partial maintenance, minimizing owner obligations.

Maintenance Advantage: HOA-managed exteriors reduce maintenance expenses and preserve community-wide property value.

Condo communities offer investors numerous operational advantages over traditional multifamily assets. HOA-maintained exteriors ensure long-term curb appeal and protect against blight, while the shared community structure reduces tenant turnover and property damage. These units attract long-term residents seeking low-maintenance living.

Investment Highlights

• Strong income performance with consistent 9.5%+ cap rate potential.
• Diversified portfolio across multiple municipalities in North St. Louis County.
• Lease-to-own structure creates long-term stability and tenant retention.
• HOA-managed communities reduce maintenance costs and enhance property value.
• Units priced significantly below replacement cost, providing immediate value-add opportunity.