1001-1031 North and South Rd - Apartments FOR SALE


University City, MO 63130
$4,000,000 USD
618-567-8346
1001-1031 North and South Rd, University City, MO for Sale
$4,000,000 USD
Apartments - FOR SALE
1/9
null | Request Cap Rate

1001-1031 North and South Rd
University City, MO 63130


HIGHLIGHTS

  • 28 units: 8 - four family buildings. All 3 bd/1.5 bth ~1,250 SF
  • Incredible location in University City near Wash U. Campus, Downtown Clayton, and The Delmar Loop
  • Below Market Rents
  • Updated Units and Utility Systems
  • Currently operating at a 86% occupancy

OVERVIEW

Salient Realty Group is pleased to present this 28-unit apartment complex located in the center of University City, 1027 North and South Rd offers an exceptional investment opportunity within the well-maintained Wild Cherry apartment community. The property consists of 8, 4-family buildings, each with 3 bed and 1.5 bed layouts This prime location provides residents with immediate access to the vibrant Delmar Loop, the scenic trails of Forest Park, along with being within close proximity to Washington University. The property boasts strong financial performance with consistent rental income and a diverse revenue stream including parking and utility reimbursements. Each unit is designed for functional living, situated in a high-demand area known for its historic charm and suburban convenience. With its proximity to major employment hubs like Clayton and top-rated local schools, this property is perfectly positioned for long-term growth and stability.

FOR SALE DETAILS

PRICE

$4,000,000 USD

PRICE/SF

$800 USD /SF

# OF UNITS

28

PRICE/UNIT

$142,857

CAP RATE

Request Cap Rate

% LEASED

86%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wild Cherry Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1959

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.13 AC

LAND SF

92,783 SF

ZONING

07

APN/PARCEL ID

17K-34-1532

ASK ABOUT THIS PROPERTY

James AndersonSalient Realty Group LLCMore Info
618-567-8346

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James AndersonSalient Realty Group LLCMore Info
618-567-8346

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.