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Wild Cherry Apartments 1001-1031 North and South Rd 28 Unit Apartment Building $4,000,000 ($142,857/Unit) University City, MO 63130
Investment Highlights
- 28 units: 8 - four family buildings. All 3 bd/1.5 bth ~1,250 SF
- Below Market Rents
- Currently operating at a 86% occupancy
- Incredible location in University City near Wash U. Campus, Downtown Clayton, and The Delmar Loop
- Updated Units and Utility Systems
Executive Summary
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.
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $4,000,000 | Building Class | C |
| Price Per Unit | $142,857 | Lot Size | 2.13 AC |
| Sale Type | Investment | Building Size | 40,000 SF |
| No. Units | 28 | Average Occupancy | 86% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1959 |
| Apartment Style | Garden | ||
| Zoning | 07 | ||
| Price | $4,000,000 |
| Price Per Unit | $142,857 |
| Sale Type | Investment |
| No. Units | 28 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 2.13 AC |
| Building Size | 40,000 SF |
| Average Occupancy | 86% |
| No. Stories | 2 |
| Year Built | 1959 |
| Zoning | 07 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1.5 | 28 | $1,250 | 1,250 |
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Property Taxes
| Parcel Number | 17K-34-1532 | Improvements Assessment | $66,230 (2025) |
| Land Assessment | $7,600 (2025) | Total Assessment | $73,830 (2025) |
Property Taxes
Parcel Number
17K-34-1532
Land Assessment
$7,600 (2025)
Improvements Assessment
$66,230 (2025)
Total Assessment
$73,830 (2025)
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Wild Cherry Apartments | 1001-1031 North and South Rd
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