215 Hyler Drive
Farmington, MO 63640
Situated in Highly Attractive and Growing Market of Farmington, MO
The vacancy rate in Farmington, MO is 2.3% and is below the long-term average. With no units delivered in 2023, low vacancy rates are forecasted. Rents have increased by an impressive 9% over the past 12 months. Farmington continues to be a very attractive market with strong apartment fundamentals and economic indicators, including the benefits of BJC Healthcare’s $21MM expansion into the market and their recent partnership with Parkland Health Center, among many other significant employers in the area. In addition, Farmington, MO has a median household income over $50,000 (compared to the STL Metro average of $69,635). The median home price in Farmington is $126,800, compared to the STL Metro average of $189,600.
Significantly Below-Market Rents Offer Immediate Upside of $200+ Per Unit (Monthly)
Current ownership has employed a conservative strategy in lieu of maximizing Net Operating Income, as illustrated by the community’s below-market rents. As a result, Autumn Creek is ideally positioned for new ownership to add substantial value through organic rental increases of $200+ per unit, in addition to other income charges.
Well-Positioned Asset Primed for Value-Add Implementation
Located in the high-growth market of Farmington, MO, Autumn Creek is surrounded by newer construction multifamily communities and top-tier retail & healthcare systems, including Parkland Health Center and BJC Healthcare’s recently announced, $21MM expansion office, slated to deliver in November 2024. Built in 1989 & 2000, Autumn Creek has maintained dated unit interiors that are primed for value-add upgrades to significantly increase revenues and capture further growth in the market.
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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.