2111 Bellevue Avenue, Maplewood, MO 63143

Bellevue Heights is a rare value-add opportunity at scale, sixty one-bedroom units across two solid 1972 buildings on a single 1.9-acre parcel in the heart of Maplewood. The heavy lifting is already underway. Thirty-six of the sixty units are renovated, thirteen lease-ready with final inspections passed and the balance being finished by the seller before closing, while the twenty-four classic units remain fully occupied, so the buyer inherits a scoped finish-and-fill business plan rather than an open-ended construction project. The renovated units live like new construction, with bright, open kitchen-and-living layouts, wide wood-look plank flooring, crisp white shaker cabinetry, stone-look counters, and full stainless steel appliance packages including refrigerator, range, dishwasher, and microwave, paired with clean modern baths and generous natural light throughout, and they are proven at $945 per month. Offered at $6,900,000, or $115,000 per unit, reflecting a 7.70% cap rate on...