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

Listings displaying the MARIS logo are courtesy of the participants of MO - Mid America Regional Information Systems (MARIS) Internet Data Exchange. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor SVOBODA SHELL shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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