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DESCRIPTION

Build wealth through real estate investment ~ Rare opportunity to acquire a 24 unit gated apartment community on 1.6 acres in University City. Six (6) separate buildings with 4 townhome style apartments each 1248 square feet, include 20 - three (3) bedroom and 4 - two (2) bedroom each with 1 1/2 baths including a master. The brick buildings with manicured lawn and newer sidewalks are enhanced with wrought ironing fencing, canvas awnings, shutters and includes parking for 35+ vehicles via the gated entrance. Each apartment is separately metered keeping owner expenses to a minimum. All apartments have in unit laundry and utility rooms, extra storage, updated kitchens with all appliances, newer windows, roof and systems including HVAC, electric and plumbing, making this a smart investment. Centrally located, approximately 1 mile from Clayton, less then 3 miles from Washington University and close to both Highways 64/40 and I-170 and walkable to restaurants, coffee and shops.

KEY DETAILS
  • Price:
  • $2,500,000
  • Bedrooms:
  • 0
  • Full Baths:
  • 0
  • Square Footage:
  • 29,952
  • Acreage:
  • 1.60
  • Year Built:
  • 1957
  • MLS #:
  • 18004834
  • Street Address:
  • 7723 Wild Plum Ave
  • City:
  • St Louis
  • State:
  • MO
  • Postal Code:
  • 63130
  • County:
  • St Louis
  • Subdivision:
  • Blackberry Terrace 2nd Add
  • Listing Status:
  • For Sale - Active

Building

  • Age Of Dwelling:
  • 61
  • Construction Description:
  • Brick/Stone Msn Pred
  • Dwelling Type:
  • Apartment Complex, Apt Bldg/Exterior En
  • Square Footage Source:
  • County Records
  • Total Building Square Footage:
  • 29952

Business

  • Expenses:
  • 42860.00
  • Net Operating Income:
  • 218500.00

Land

  • Approximate Lot Size Range Source:
  • County Records
  • Lot Square Footage:
  • 69696

Listing

  • Days On Market:
  • 23
  • For Sale Or Lease?:
  • Sale
  • Included In Sale:
  • Building & Land
  • Previous Listing Price:
  • 2500000.00
  • Terms:
  • Cash, Conventional

Location

  • Tax Municipality:
  • University City

Money

  • Property Taxes:
  • $23,748
  • Tenant Pays:
  • All Utilities, Cable Tv/Satellite, Electric, Gas, Sewer, Water

Structures

  • Parking Description:
  • Guest Parking, Parking Lot

Systems

  • Cooling System:
  • Ceiling Fan, Central-Electric
  • Existing Water:
  • Public
  • Heating:
  • Forced Air, Individual Furnaces
  • Heating Fuel:
  • Gas
  • Laundry:
  • Prvt Laund All Units
  • Sewage Type:
  • Public
  • Water Heater:
  • Gas

Source

  • Listing Provided By: Keller Williams Realty Stl

    LOUIS
School data provided by
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SCHOOL RATINGS
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JACKSON PARK ELEMENTARY SCHOOL
Elementary School
Public

n/a

BRITTANY WOODS
Junior High School
Public

2
NOTES

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