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Updated about 3 years ago on . Most recent reply
Small Commercial Multifamily
Hi I'm actively looking for and making offers in the nicer areas of STL for a commercial multifamily property. Anybody have recommendations on areas to focus on our supporting cast to help us find these? Thanks in advance
Most Popular Reply
STL has a huge amount of small commercial multifamilies. These are highly sought after and are frequently bid up and go off market.
Personally, I would focus on the areas which are next to the nice areas. Tower Grove South is over priced, but Tower Grove East is currently being developed. Benton Park can be overpriced, but Benton Park West is currently being developed.
Focusing on these areas which haven't been already developed can put you at the perfect cross section of cash flow and appreciation, especially long term with rents expected to rise.
Feel free to reach out to discuss your strategy, I'd love to connect.