314-655-6060
2616 Union Rd, Saint Louis, MO for Sale
Apartments - FOR SALE
1/11
null | Request Cap Rate

2616 Union Rd
Saint Louis, MO 63125
Mehlville


HIGHLIGHTS

  • Value-add opportunity through continued units upgrades allowing rent upside for new ownership
  • Strong in-place cash flow with occupancy at 96.0%
  • Favorable mix of one and two-bedroom apartment floor plan styles with 63% being two-bedroom units
  • One-mile demographics with an average household income of $91,628 reflect a solid middle-class foundation
  • Superb location, close to I-55 providing convenient access to all major employment centers throughout the St. Louis metro
  • High barrier to entry market

OVERVIEW

CBRE, as exclusive advisor, is pleased to present the opportunity to acquire Grant’s Trail Apartments (the “Property”). This 76-unit apartment community is strategically located in the South County submarket of St. Louis, Missouri.  The Property offers newly renovated one and two bedroom floor plans with spacious layouts, updated kitchens, and new plank flooring, providing the perfect blend of comfort and modern convenience.  Grant’s Trail is offered unpriced on a free-and-clear basis.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

76

CAP RATE

Request Cap Rate

% LEASED

96%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Grants Trail Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

PARKING SPACES

128

LAND DETAILS

LAND ACRES

3.85 AC

LAND SF

167,706 SF

ZONING

R4

APN/PARCEL ID

28J-54-0336

ASK ABOUT THIS PROPERTY

314-655-6060

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314-655-6060

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