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River Pointe Apartments 9639-9640 Diamond Dr 86 Unit Apartment Building $3,870,000 ($45,000/Unit) Saint Louis, MO 63137
EXECUTIVE SUMMARY
Well-cared for clean, quiet, 1970s building in a stable neighborhood. All electric, individually metered, central air, separate water heaters. Perfectly positioned for a simple lease-up opportunity. Several improvements made: New windows, New appliances, Updated kitchens, Updated baths, New carpet and/or vinyl and paint in every unit. Occupancy is low (50%) More pictures to be updated and added soon. Owner is motivated. Owner willing to pay a 3% commission to represented buyers.
PROPERTY FACTS Under Contract
| Price | $3,870,000 | Building Class | C |
| Price Per Unit | $45,000 | Lot Size | 1.87 AC |
| Sale Type | Investment | Building Size | 89,532 SF |
| No. Units | 86 | Average Occupancy | 50% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1976 |
| Apartment Style | Mid-Rise | Parking Ratio | 1.1/1,000 SF |
| Zoning | R3 | ||
| Price | $3,870,000 |
| Price Per Unit | $45,000 |
| Sale Type | Investment |
| No. Units | 86 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 1.87 AC |
| Building Size | 89,532 SF |
| Average Occupancy | 50% |
| No. Stories | 3 |
| Year Built | 1976 |
| Parking Ratio | 1.1/1,000 SF |
| Zoning | R3 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Heating
- Eat-in Kitchen
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Views
- Basement
- Dining Room
- Office
- Vinyl Flooring
SITE AMENITIES
- 24 Hour Access
- Courtyard
- Laundry Facilities
- Bicycle Storage
- Walk-Up
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 68 | $725.00 | 600 - 650 |
| 2+1 | 18 | $825.00 | 750 |
PROPERTY TAXES
| Parcel Number | 12E-61-0045 | Improvements Assessment | $78,490 |
| Land Assessment | $38,000 | Total Assessment | $116,490 |
PROPERTY TAXES
Parcel Number
12E-61-0045
Land Assessment
$38,000
Improvements Assessment
$78,490
Total Assessment
$116,490
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River Pointe Apartments | 9639-9640 Diamond Dr
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