Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1947
Sq.Footage
50,000
76 units, fully renovated in 2015, with all roofs replaced in 2021. Currently 100% occupied. Monthly income is approximately $63,700 with an average rent of $838/unit. Mix of one and two-bedroom units with 53% two-bedrooms. Current rents are $43–$128 below market, providing immediate upside potential. The property is being offered free and clear of debt. The community offers gated parking, shared laundry in each building, and a well-maintained brick exterior. Located directly adjacent to the University of Missouri–St. Louis campus (14,000+ students, 1,000+ faculty), with quick access to I-70, MetroLink, Lambert International Airport, and major employers including Express Scripts.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Above Grade Finished Area
50000.0
-
Basement YN
NO
-
Cooling YN
YES
-
Cooling
Central Air
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Natural Gas
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Brick
-
Parking
Asphalt
-
Patio and Porch Features
Patio
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
2.13
-
Property Type
Residential Income
-
Property Sub Type
Multi Family
-
Architectural Style
Apartment Style
Price
-
Sales Price
$6,750,000
-
Sq. Footage
50, 000
-
Price/SqFt
$135
HOA
-
Association
No
School District
-
Elementary School
Jefferson Elem.
-
Middle School
Jefferson Middle School
-
High School
Normandy High
Property Features
-
Ownership
Private
-
Senior Community YN
NO
-
Water Source
Public
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Location
County
St. Louis
Elementary School
Jefferson Elem.
Middle School
Jefferson Middle School
High School
Normandy High
Listing Courtesy of Matt Bukhshtaber , CBRE
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