2170 McKelvey Road
Maryland Heights, MO 63043
Located in High-Growth Submarket of Maryland Heights
Rents in the Maryland Heights submarket have increased by a staggering 14.2% over the past twelve months. Maryland Heights continues to be a very attractive market with strong fundamentals and economic drivers, including the World Wide Technology HQ, Edward Jones North HQ Campus, Westport Business District, and over 2,100 additional businesses across 3.2MM square feet of office space across 23 square miles.
Significant Upside Opportunity of $235+ Per Unit (Monthly)
Constructed in 1971, Maryland Park offers dated interior finishes, which gives new ownership the opportunity to achieve significant rent upside of $235+ per unit (monthly) with completion of interior upgrades and modernizations coupled with further continuity and improvement of the stabilized operations already in place. Cosmetic updates to the bathrooms, kitchen upgrades, new vinyl flooring, and an upgraded lighting package throughout will enable the new buyer to push annual rental income by more than $700,000!
Well-Positioned Asset Primed for Value-Add Implementation
Located in the extremely desirable Maryland Heights submarket, Maryland Park is surrounded by new construction multifamily communities and world-class employers and corporate headquarters locations. Built in 1971, the property has maintained dated unit interiors and a robust amenity package that is primed for value-add upgrades with a highly sought-after foundation ready for modernization.
*Select Units Only
When evaluating your options for a partner to assist with the sale of your multifamily asset, there are a number of factors you may consider. From experience and market knowledge to marketing prowess and ongoing support, each plays an integral role in creating a positive experience and a profitable outcome. Yet the one competency you may never have considered could be the one that matters most: the ability to move capital across markets efficiently and effectively.
MMG possesses a unique combination of talent, resources, expertise, and access that delivers an elevated experience from acquisition to disposition. Discover the benefits of a partnership with us.
MMG Real Estate Advisors
601 Westport Road
Kansas City, MO 64111