Autumn Creek Farmington, MO

Access CA / Doc Center

Autumn Creek

Address

215 Hyler Drive
Farmington, MO 63640

Summary

  • Units: 92
  • Built: 1989 / 2000

Investment Highlights

  • Situated in the Highly Attractive and Growing Market of Farmington, MO
  • Significantly Below-Market Rents Offer Immediate Upside of $200+ Per Unit (Monthly)
  • Well-Positioned Asset Primed for Value-Add Implementation
  • Offered at a an Extremely Attractive Basis, Well Below Replacement Cost
  • Great Connectivity to Demand Drivers and ~70 miles from St. Louis
  • Surrounding Properties Generating Top of Market Rents
  • Offered Free-and-Clear of Existing Debt
  • May be Purchased with Quail Run and Oakcrest (155 Units in Paducah, KY) for 247 Units Total

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.


Location Map

Amenities

Tenant Services

Amenities

Unit Amenities:

  • In-Unit Washer/Dryer Hookups
  • Balconies or Patios*
  • Central HVAC
  • Dining Room
  • Vinyl Flooring*
  • Large Walk-In Closets
  • High-Speed Internet Access
  • Window Coverings

*Select Units Only

Community Amenities:

  • On-Site Property Management
  • On-Site Maintenance
  • Package Service
  • Two On-Site Laundry Facilities
  • Playground


Quail Run & Oakcrest Townhomes

Also available is one property located in Paducah, Kentucky. For more details please visit:

Quail Run & Oakcrest Townhomes

Team

Brokerage Team

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.

Alex Beck

Alex Beck

Senior Advisor
MMG REA
314.306.2055 alex.beck@mmgrea.com
Hank Hicks

Hank Hicks

Senior Advisor
MMG REA
314.420.1828 hank.hicks@mmgrea.com
Tom Maloney

Tom Maloney

Senior Director
MMG REA
314.305.2477 tom.maloney@mmgrea.com
Daniel Wiele

Daniel Wiele

Senior Director
MMG REA
314.606.0256 daniel.wiele@mmgrea.com
Kyle Winston

Kyle Winston

Senior Advisor
MMG REA
913.375.8254 kyle.winston@mmgrea.com
Christopher Wilson

Christopher Wilson

Associate Advisor
MMG REA
785.393.6911 chris.wilson@mmgrea.com
Alex Blagojevich

Alex Blagojevich

Executive Managing Director/Founding Partner
MMG REA
773.899.0391 alex.blagojevich@mmgrea.com
Michael Sullivan

Michael Sullivan

Executive Managing Director/Founding Partner
MMG REA
913.484.7923 michael.sullivan@mmgrea.com