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29943028
29943029

9310 Shirley Gardens Dr, St. Louis, MO 63114

MM
MO 2024031548
Salient Realty Group
GL
MO 2015014613
Salient Realty Group
JA
MO 2019046652
Salient Realty Group
Listed by Salient Realty Group
$2,450,000
102 days on market
Updated 65 days ago

9310 Shirley Gardens Drive

Details
APN 13L-32-2134
Property Type Multifamily
Sub Type Apartment Building
Square Footage 19,200
Net Rentable (SqFt) 19,200
Units 24
Cap Rate 7.05%
NOI $172,774
Occupancy 100%
Pro-Forma Cap Rate 9.03%
Pro-Forma NOI $221,208
Price per SqFt $128
Class B
Year Built 1960
Buildings 6
Stories 2
Acreage 0.200
Zoning X
Parking Spaces spaces
Ownership Investment Opportunity

24 Units | 100% Occupied | For Sale

Marketing description

9310 Shirley Gardens Dr is a 24-unit apartment property consisting exclusively of two-bedroom, one-bath units with a consistent layout and unit size. The property is fully occupied, reflecting stable day-to-day operations and a reliable tenant base. The uniform unit mix and straightforward expense profile make the property easy to understand from an ownership and management standpoint. The property is located in a residential area with convenient access to nearby retail, services, and major roadways, allowing tenants to reach employment centers and daily necessities without long commute times. Surrounding uses are primarily other multifamily and single-family homes, contributing to steady rental demand and a neighborhood setting that supports long-term occupancy.

Investment highlights

24 Units all with 2 Bed, 1 Bath

Fully Occupied, w/ below market rents

Updated Utility Systems, Newer Roof

Located Just Off St. Charles Rock Road

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
$172,774.00
$14,397.83/mo

Valuation Metrics

0
DSCR
7.05%
Cap Rate
7.05%
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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