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1001-1031 North and South Rd
University City, MO 63130
Wild Cherry Apartments · Multifamily Property For Sale
·
28 Units
Investment Highlights
- 28 units: 7 - four family buildings. All 3 bd/1.5 bth ~1,250 SF
- Below Market Rents
- Currently operating at a 93% 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 7, 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.
Property Facts
| Price Per Unit | $121,429 | Building Class | C |
| Sale Type | Investment | Lot Size | 2.13 AC |
| No. Units | 28 | Building Size | 5,000 SF |
| Property Type | Multifamily | Average Occupancy | 93% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1959 |
| Zoning | 07 | ||
| Price Per Unit | $121,429 |
| 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 | 5,000 SF |
| Average Occupancy | 93% |
| No. Stories | 2 |
| Year Built | 1959 |
| Zoning | 07 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1.5 | 28 | - | 1,225 |
Property Taxes
| Parcel Number | 17K-34-1532 | Improvements Assessment | $66,230 |
| Land Assessment | $7,600 | Total Assessment | $73,830 |
Property Taxes
Parcel Number
17K-34-1532
Land Assessment
$7,600
Improvements Assessment
$66,230
Total Assessment
$73,830
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