![]() “Under its new ownership, Belle Rive Club Apartments will undergo a meaningful upgrade to its units’ interiors and will be better positioned to capitalize on renters’ demand for improved product in the area. “Prior to the sale, KRI invested a significant amount of capital on exterior improvements, leaving a great opportunity for the buyer to focus its capital on interior improvements,” Ayers said in the news release. Units have carpeted or hardwood floors, central air conditioning, dishwasher, renovated cabinets, screened patios, an in-unit washer and dryer and vertical blinds.Īmenities include a business center, on-call maintenance, outdoor kitchen, play area, swimming pool and fitness center. The news release said multifamily sales in the Southside submarket have outpaced others in the metropolitan statistical area.īelle Rive Club offers one- and two-bedroom layouts with rents from $829 to $1,099 a month. The 104-unit community is at 8715 Belle Rive Blvd. ![]() It is part of the Mount Vernon Micropolitan Statistical Area. The population was 371 at the 2000 census. “We expect this trend of investors trying to relocate capital from the Northeast into Florida to continue throughout 2021,” he said. Belle Rive is a village in Jefferson County, Illinois, United States. KRI, through KRI Belle Rive LLC, acquired the property in 2017 for $7.6 million.Īyers said in the news release the property received offers from several out-of-state companies. CBRE’s Cliff Taylor, Joe Ayers, Michael Regan and Francesco Carriera represented the seller in the transaction. 2 It is part of the Mount Vernon Micropolitan Statistical Area. The population was 361 at the 2010 census. ![]() ![]() Stuart-based Main Street Residential purchased the property from Ohio-based KRI Properties. Belle Rive is a village in Jefferson County, Illinois, United States. 26 it facilitated the $13.13 million sale of Belle Rive Club Apartments along Southside Boulevard. ![]()
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