Salient Realty Group is pleased to present this opportunity to purchase The Diplomat Apartments located in St. Louis City and more specifically Gravois Park.
The property consists of 60 units comprised of 20 studios, and 40, 1 bed/1 bath units. Pricing on this asset offers buyers an incredibly low basis on a price per unit. Please contact us for pricing guidance. The property has incredible value add opportunity through lease up and cosmetic updates in the apartments which will translate into significant rent increases. Currently, the property has high vacancy which offers investors the ability to implement a value add plan immediately.
All financials are available upon request - Reach out to Broker for more information