Wild Cherry Apartments
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
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