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29774483
29774484

1027 North and South Rd, University City, MO 63130

MM
MO 2024031548
Salient Realty Group
GL
MO 2015014613
Salient Realty Group
JA
MO 2019046652
Salient Realty Group
Listed by Salient Realty Group
$3,800,000
108 days on market
Updated 63 days ago

Wild Cherry Apartments

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 40,000
Net Rentable (SqFt) 35,000
Units 28
Cap Rate 4.46%
NOI $169,291
Occupancy 93%
Pro-Forma Cap Rate 8.3%
Pro-Forma NOI $315,268
Price per SqFt $95
Class B
Year Built 1959
Buildings 8
Stories 2
Acreage 2.130
Zoning 115
Parking Spaces spaces

28 Units in U-City | 3 Bd & 1.5 ba | For Sale

Marketing description

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.

Investment 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

Listing Contacts

MM
MO 2024031548
Salient Realty Group
GL
MO 2015014613
Salient Realty Group
JA
MO 2019046652
Salient Realty Group
Listed by Salient Realty Group

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$169,291.00
$14,107.58/mo

Valuation Metrics

0
DSCR
4.46%
Cap Rate
4.46%
ROI

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Additional Information

Name
Matthew Millslagle
License
2024031548
Brokerage Phone
3142005352
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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