The Eagle’s Nest Apartments are a 5 – building, 33 – Unit / 131 – bedroom
apartment community located next to Kirkwood Community College. The
property is currently rented by the bedroom, appealing to students, and
features two different floor plans: 4 bed / 4 bath & 4 bed / 2 bath. The
6620 Preston Ct. SW building was constructed in 2022 and the other 4
buildings were constructed in 2004. The 6630 building includes an onsite
office. All units have been updated and remodeled. Units feature all-inclusive
utilities (including electricity, gas, and water), washer & dryer in unit, 100
mbps internet, new appliances, dishwasher, stove, refrigerator, gas furnace
with central AC, lawncare & snow removal. This provides a high-end living
experience at an affordable and attractive price to students. Proforma NOI is $523,599, representing a proforma cap rate of 7.81%.