7723 Wild Plum Ave - Apartments FOR SALE


University City, MO 63130
$3,200,000 USD
314-655-6060
7723 Wild Plum Ave, University City, MO for Sale
$3,200,000 USD
Apartments - FOR SALE
1/9
null | Request Cap Rate

7723 Wild Plum Ave
University City, MO 63130


OVERVIEW

CBRE is pleased to offer for sale 7723-7741 Wild Plum Avenue (Wild Boar Apartments), a 24-unit apartment community located in University City, a suburb of St. Louis, Missouri. This property benefits from its proximity to Washington University (16,552 students), a major educational institution, as well as the vibrant Delmar Loop, a renowned entertainment and retail district in University City. The area’s unique blend of suburban charm and urban convenience makes it an attractive option for students, faculty, and professionals alike. With its strategic location just nine miles from Lambert-St. Louis International Airport and six miles from downtown St. Louis, this property offers easy access to the city’s cultural and recreational attractions, making it an ideal investment opportunity in the St. Louis MSA. Built in 1957 and renovated in 2008, the Property offers an investor the rare opportunity to acquire a stabilized asset with proven operating performance and tremendous upside potential. 100% of the units are in classic or near classic condition, allowing new ownership the opportunity to push rents through further continued unit upgrades or increasing in-place rents to market rate. The Property features all 3 bedroom apartment homes with 1 or 2 baths. Unit amenities include air conditioning, hardwood floors, ceiling fans, washer/dryer hookups, kitchen appliances, and reserved parking. With a convenient centralized location, Wild Boar Apartments is situated in University City which borders Ladue and Clayton, which are some of the wealthiest municipalities in the St. Louis MSA (St. Louis Business Journal) and fall within the top 100 wealthiest suburbs in the United States (Bloomberg-2019).

FOR SALE DETAILS

PRICE

$3,200,000 USD

PRICE/SF

$107 USD /SF

# OF UNITS

24

PRICE/UNIT

$133,333

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wild Boar Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1957

PARKING SPACES

20

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

57MDR

APN/PARCEL ID

17K-33-1324,17K-33-1335,17K-33-1346,17K-34-1455,17K-34-1466,17K-34-1477

ASK ABOUT THIS PROPERTY

314-655-6060

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314-655-6060

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