7020 Vernon Ave
University City, MO 63130
Huntley Ridge Apartments · Multifamily Property For Sale · 52 Units

CALL FOR OFFERS 2/5/20 5pm! Huntley Ridge Apartment Homes is a (52) unit multifamily property built in 1953 and renovated between 2018-19 in University City, MO. Located in one of Saint Louis’s hottest cities for young professionals, ranked #6 by Niche.com, and within a six-minute drive of Downtown Clayton, MO and a five-minute drive to Washington University the property is ideally located. There are (52) units that are all 3-bedroom, one-bathroom (1,200 sf) offering large living space and bedrooms. All units have been completely renovated with high end finishes including wood flooring in common areas, tile in kitchens and baths, subway tile backsplash in most kitchens, full tile surround in baths, kitchen cabinetry, oil rubbed bronze hardware, and black or stainless appliances in all units. All units also offer Central Air & Heat, Washer & Dryer Hookups, and Ceiling fans. Huntley Ridge is uniquely located near many of the cities best public amenities including highly rated Henman Park and University City Dog Park. Henman Parks provides tenants access to a public pool, fitness & hobby classes, and sports leagues. Schnuck’s Grocery is a four-minute walk from the property. Offering tenants a walkable living experience with a quiet park like ambiance. The property offers investor’s the opportunity to purchase a stabilized and renovated property in one of St. Louis’s hottest suburbs with opportunity to raise rents to market price. Based on the in-place Rent Roll Huntley Ridge delivers a 10.57% Cash-on-Cash return day one and a potential 14.94% Cash-on-Cash return by only realizing half of the potential rent.