Concord Place is a 50-unit property that is positioned for immediate rent growth with below-market rents and strong local demographics, allowing new ownership to implement a value-add strategy and push rents through targeted renovations. • Built in 1966, Renovated in 2017-2018 (new roofs in 2022) • 5 Buildings, 50 total units across 2.09 acres • Mix of 1- and 2- bedroom units (60% two-bedrooms) • Avg. in-place rent: $960/ unit (below market rents of $1,094 for 1BR and $1,355 for 2BR) • 100% occupancy with strong in-place cash flow • Recent capex expenditures over 500,000, including new roofs, interior upgrades, and exterior improvements • Value-add potential through interior updates and adding washers/ dryers in units (currently only 2 units equipped) • Prime location near Lindbergh Blvd, Tesson Ferry Rd, and I-270 with nearby developments like Tesson Ridge and new retail (including Chick-fil-a)
0 Bed
0 Bath
36,537 sq.ft
$0 per sq.ft
Apartment Style
$ 5,500,000
Pending
0
25068193
0
0
36,537
Concord Place Condo
Unincorporated
Lindbergh Schools
St Louis
Residential Income
Apartment Style
Residential Income
Last 6 closed homes in this zip.
| Address | Bd/Ba | SqFt | List | Sold | Closed |
|---|---|---|---|---|---|
| 5032 Darfield Court, Unincorporated, MO 63128 | 4/3 | 1,890 | $379,000 | $370,000 97.6% of ask |
Sep 10, 2026 |
| 4654 Towne South Road, Unincorporated, MO 63128 | 3/3 | 1,248 | $349,000 | $349,000 100% of ask |
Sep 9, 2026 |
| 4741 Melissa Jo Lane, Unincorporated, MO 63128 | 4/3 | 1,878 | $449,900 | $430,000 95.6% of ask |
Sep 9, 2026 |
| 4590 Southridge Meadows Drive, Unincorporated, MO 63128 | 4/3 | 2,542 | $389,900 | $365,000 93.6% of ask |
Sep 9, 2026 |
| 4539 Little Rock Road, G, Unincorporated, MO 63128 | 2/2 | 868 | $154,000 | $150,000 97.4% of ask |
Sep 8, 2026 |
| 5421 Court Of Cedars, Unincorporated, MO 63128 | 2/1 | 1,698 | $289,900 | $280,000 96.6% of ask |
Sep 8, 2026 |
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