Log In/Sign Up
Your email has been sent.
7594 Watson Rd
Saint Louis, MO 63119
Courtland Manor · Multifamily Property For Sale
·
95 Units
Investment Highlights
- 95 Units - 70% of the units updated
- Average Rents - $875 | Market Rents - $950
- All 1 Bed / 1 Bath Layout
- Prime location in Shrewsbury, MO
- Strong Tenant Demand
Executive Summary
Salient Realty Group is pleased to present Courtland Manor Apartments, a 95 unit well-positioned multifamily asset located in the highly sought-after Shrewsbury, Missouri submarket of St. Louis County. The property’s infill location offers immediate access to Interstate 44, allowing residents convenient connectivity to Downtown St. Louis, major employment nodes, and established retail and dining destinations.
Courtland Manor is currently leased at an average rent of $875, materially below estimated market rents of approximately $950, creating a clearly defined path to revenue growth. The existing rent gap can be captured through selective interior upgrades, improved operational efficiencies, and systematic rent repositioning, without reliance on aggressive assumptions. Comparable renovated properties in the surrounding area continue to demonstrate strong absorption and sustained tenant demand.
Courtland Manor presents a rare opportunity to acquire a well-located, income-producing property with measurable upside and a straightforward execution strategy in one of the most defensive submarkets in the St. Louis metro.
Courtland Manor is currently leased at an average rent of $875, materially below estimated market rents of approximately $950, creating a clearly defined path to revenue growth. The existing rent gap can be captured through selective interior upgrades, improved operational efficiencies, and systematic rent repositioning, without reliance on aggressive assumptions. Comparable renovated properties in the surrounding area continue to demonstrate strong absorption and sustained tenant demand.
Courtland Manor presents a rare opportunity to acquire a well-located, income-producing property with measurable upside and a straightforward execution strategy in one of the most defensive submarkets in the St. Louis metro.
Property Facts
| Sale Type | Investment | Lot Size | 3.75 AC |
| No. Units | 95 | Building Size | 76,516 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1973 |
| Building Class | C | Parking Ratio | 1.7/1,000 SF |
| Zoning | FP | ||
| Sale Type | Investment |
| No. Units | 95 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 3.75 AC |
| Building Size | 76,516 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1973 |
| Parking Ratio | 1.7/1,000 SF |
| Zoning | FP |
Amenities
Unit Amenities
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Walk-In Closets
Site Amenities
- 24 Hour Access
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 95 | - | 650 |
Property Taxes
| Parcel Number | 24J-44-0155 | Improvements Assessment | $1,512,190 |
| Land Assessment | $364,800 | Total Assessment | $1,876,990 |
Property Taxes
Parcel Number
24J-44-0155
Land Assessment
$364,800
Improvements Assessment
$1,512,190
Total Assessment
$1,876,990
1 of 13
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
