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1269 Mangrove Ln
Saint Louis, MO 63125
ReNew Cross Creek · Multifamily Property For Sale
·
72 Units
Investment Highlights
- Established 72-unit garden-style property located in the South County submarket of St. Louis
- Potential development opportunity on ReNew Cross Creek #3, a vacant 3.45 acre parcel
- Ideal mix of one and two-bedroom floor plans averaging 962 SF
- Opportunity to push rents through unit upgrades during new ownership period
- Well-maintained asset with $1.46M of capital expenditures since 2020
- High barrier to entry market
Property Facts
| No. Units | 72 | Building Size | 77,710 SF |
| Property Type | Multifamily | Average Occupancy | 96% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Garden | Year Built | 1987 |
| Building Class | B | Parking Ratio | 1.56/1,000 SF |
| Lot Size | 6.58 AC | ||
| Zoning | R6 | ||
| No. Units | 72 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 6.58 AC |
| Building Size | 77,710 SF |
| Average Occupancy | 96% |
| No. Stories | 3 |
| Year Built | 1987 |
| Parking Ratio | 1.56/1,000 SF |
| Zoning | R6 |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Fireplace
- Washer/Dryer
- Heating
Site Amenities
- 24 Hour Access
- Controlled Access
- Pool
- Tenant Controlled HVAC
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 36 | - | 858 |
| 2+2 | 36 | - | 1,066 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,320,440 | |
| Land Assessment | $295,010 | Total Assessment | $1,615,450 |
Property Taxes
Parcel Numbers
Land Assessment
$295,010
Improvements Assessment
$1,320,440
Total Assessment
$1,615,450
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