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Wild Boar Apartments 7723 Wild Plum Ave 24 Unit Apartment Building $3,200,000 ($133,333/Unit) University City, MO 63130
EXECUTIVE SUMMARY
CBRE is pleased to offer for sale 7723-7741 Wild Plum Avenue (Wild Boar Apartments), a 24-unit apartment community located in University City, a suburb of St. Louis,
Missouri. This property benefits from its proximity to Washington University (16,552 students), a major educational institution, as well as the vibrant Delmar Loop, a renowned
entertainment and retail district in University City. The area’s unique blend of suburban charm and urban convenience makes it an attractive option for students, faculty, and
professionals alike. With its strategic location just nine miles from Lambert-St. Louis International Airport and six miles from downtown St. Louis, this property offers easy access
to the city’s cultural and recreational attractions, making it an ideal investment opportunity in the St. Louis MSA.
Built in 1957 and renovated in 2008, the Property offers an investor the rare opportunity to acquire a stabilized asset with proven operating performance and tremendous
upside potential. 100% of the units are in classic or near classic condition, allowing new ownership the opportunity to push rents through further continued unit upgrades or
increasing in-place rents to market rate. The Property features all 3 bedroom apartment homes with 1 or 2 baths. Unit amenities include air conditioning, hardwood floors, ceiling
fans, washer/dryer hookups, kitchen appliances, and reserved parking.
With a convenient centralized location, Wild Boar Apartments is situated in University City which borders Ladue and Clayton, which are some of the wealthiest municipalities in
the St. Louis MSA (St. Louis Business Journal) and fall within the top 100 wealthiest suburbs in the United States (Bloomberg-2019).
Missouri. This property benefits from its proximity to Washington University (16,552 students), a major educational institution, as well as the vibrant Delmar Loop, a renowned
entertainment and retail district in University City. The area’s unique blend of suburban charm and urban convenience makes it an attractive option for students, faculty, and
professionals alike. With its strategic location just nine miles from Lambert-St. Louis International Airport and six miles from downtown St. Louis, this property offers easy access
to the city’s cultural and recreational attractions, making it an ideal investment opportunity in the St. Louis MSA.
Built in 1957 and renovated in 2008, the Property offers an investor the rare opportunity to acquire a stabilized asset with proven operating performance and tremendous
upside potential. 100% of the units are in classic or near classic condition, allowing new ownership the opportunity to push rents through further continued unit upgrades or
increasing in-place rents to market rate. The Property features all 3 bedroom apartment homes with 1 or 2 baths. Unit amenities include air conditioning, hardwood floors, ceiling
fans, washer/dryer hookups, kitchen appliances, and reserved parking.
With a convenient centralized location, Wild Boar Apartments is situated in University City which borders Ladue and Clayton, which are some of the wealthiest municipalities in
the St. Louis MSA (St. Louis Business Journal) and fall within the top 100 wealthiest suburbs in the United States (Bloomberg-2019).
DATA ROOM Click Here to Access
PROPERTY FACTS
| Price | $3,200,000 | Building Class | C |
| Price Per Unit | $133,333 | Lot Size | 1.00 AC |
| Sale Type | Investment | Building Size | 29,952 SF |
| No. Units | 24 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1957/2008 |
| Apartment Style | Garden | Parking Ratio | 0.67/1,000 SF |
| Zoning | 57MDR | ||
| Price | $3,200,000 |
| Price Per Unit | $133,333 |
| Sale Type | Investment |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.00 AC |
| Building Size | 29,952 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1957/2008 |
| Parking Ratio | 0.67/1,000 SF |
| Zoning | 57MDR |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Eat-in Kitchen
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Range
- Tub/Shower
- Linen Closet
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+1 | 23 | - | 1,200 |
| 3+2 | 1 | - | 1,200 |
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $438,850 | |
| Land Assessment | $45,600 | Total Assessment | $484,450 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$45,600
Improvements Assessment
$438,850
Total Assessment
$484,450
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Wild Boar Apartments | 7723 Wild Plum Ave
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