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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision Normandy Heights Amd
MLS Listing ID 26023533
Year Built 1972
Annual Tax Amount $81,755
Lot Size 3.274 Acres
Acres 3.274
Property Description
Ideally located just minutes from University of Missouri–St. Louis (UMSL), the asset benefits from steady rental demand driven by students, faculty, and the surrounding workforce. Its proximity to NorthPark, along with major employers such as Express Scripts and Boeing Defense, Space & Security, further enhances tenant stability and long-term occupancy. Many units have been thoughtfully updated, along with key improvements to major systems and appliances, minimizing near-term capital expenditures and supporting operational efficiency.
The property is professionally managed with experienced on-site management currently in place, and ownership is willing to facilitate a seamless transition by retaining the existing team, providing operational continuity and reducing lease-up or management risk for a new owner. With market-aligned rents and additional upside potential, this stabilized asset offers investors a turnkey opportunity to acquire a well-located, income-producing property in a proven and growing rental market.
Location
State MO
County St. Louis
Area 106 - Normandy
Interior
Heating Forced Air, Natural Gas
Cooling Ceiling Fan(s), Central Air
Flooring Carpet, Ceramic Tile, Laminate, Vinyl
Fireplace N
Appliance Dishwasher, Disposal, Dryer, Microwave, Free-Standing Electric Range, Refrigerator, Washer
Exterior
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
View Y/N No
Building
Water Public
Structure Type Brick Veneer
Others
Ownership Private
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
Nearby School & Business
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