Active
8435 Atherton Drive
St Louis MO, 63130
$2,695,000
$95.38 per sqft
Active
28,256 sqft
Commercial
Built in 1961
SRG is pleased to offer this low-rise/garden style 32-unit apartment community to the market. The property offers investors significant rent upside potential compared to submarket averages (up to $359 in rent upside) and a strong mix of primarily two-bedroom units.
There are multiple value-add strategies to maximize returns - raising rents for units in their current condition (low in place rent for 1 bed units is $475 & $600 for 2 bed units); or completing cosmetic updates and adding in-unit laundry which can command much higher rents. Competing submarket rents average $1,204 vs the property's average rent of $845. Please reach out to the brokers for more information.
25010459
MLSⓇ ID
February 26, 2025
Listed
February 27, 2025
Updated
Interior Features
Laundry Description
Other
Fireplace
No
Cooling
Yes
Cooling Description
Gas
Heating
Yes
Heating Description
Forced Air
Exterior/Building Features
Lot Size
0.51 Acres
Sewer
Public Sewer
School Information
School District
University City
High School
University City Sr. High
Elementary School
Barbara Jordan Elem.
Other Property Details
Area Name
University City
Taxes
$8,003
Tax Frequency
Annually
Days on Market
1
Garage
No
Parking
Space/Unit - 1
View
No
County
St Louis
Municipality
Vinita Park
Water Source
Public
Pool
No
Courtesy of Salient Realty Group, LLC, Garen Lafser
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