76 units, fully renovated in 2015, with all roofs replaced in 2021. Currently 100% occupied. Monthly income is approximately $63,700 with an average rent of $838/unit.Mix of one and two-bedroom units with 53% two-bedrooms. Current rents are $43-$128 below market, providing immediate upside potential. The property is being offered free and clear of debt.The community offers gated parking, shared laundry in each building, and a well-maintained brick exterior. Located directly adjacent to the University of Missouri-St. Louis campus (14,000+ students, 1,000+ faculty), with quick access to I-70, MetroLink, Lambert International Airport, and major employers including Express Scripts.
Listed By
Agency Name: CBRE
Shown By
Agency Title: Trophy Properties & Auction
Agency Phone: (855) 573-5263
Estimated Payment
$ 16,991.32 per month $15,022.57 Principal & Interest $0.00 Property Tax (data not provided by mls) $1,968.75 Homeowner's Insurance
4318 Walker Lane | MLS# 25068470
This multi-family property located at 4318 Walker Lane, Normandy, MO 63121 is currently listed for sale with an asking price of $6,750,000. Walker Lane is located within the Normandy school district. Search Normandy real estate on www.trophypa.com today.