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Kim Banovz

kim@cisler.com +1(618) 670-1910

$ 6,500,000

Est. payment -/mo

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Active

7736 Springdale Drive DR Normandy, MO 63121

55,750 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type 5 Family or More

Listing Status Active

Purchase Type For Sale

Square Footage 55,750 sqft

Price per Sqft $116

Subdivision Normandy Heights Amd

MLS Listing ID 25055653

Style Apartment Style

Year Built 1972

Annual Tax Amount $83,576

Lot Size 3.274 Acres

Acres 3.274

Property Sub-Type 5 Family or More

Property Description

Exceptional 69-Unit Multifamily Investment Opportunity adjacent to Major University. Introducing a rare opportunity to acquire a well-maintained, income-producing apartment community strategically located next to a prominent university. Situated on 3.27 acres of landscaped grounds, this rehabbed property (fully renovated in 2016) offers diverse unit mix of 1-bedroom, 2-bedroom apartments and spacious townhomes, appealing to a wide range of renters including students (25% tenant base), families and professionals. Surrounding the community are several major employers providing excellent stability to the occupancy and overall area. Bermuda Heights is being advertised at an 8% cap rate, 8.3% cash-on-cash return and generating excellent six figure cash-flow. Contact us today for financials, rent roll and to schedule a private tour.

Location

State MO

County St. Louis

Area 106 - Normandy

Rooms

Basement 8 ft + Pour

Interior

Heating Forced Air

Cooling Central Air

Fireplace N

Exterior

Parking Features false

Utilities Available Cable Available

View Y/N No

Roof Type Pitched/Sloped,Shingle

Building

Story 2

Water Public

Level or Stories Two

Structure Type Aluminum Siding,Brick

Schools

Elementary Schools Jefferson Elem.

Middle Schools Jefferson Middle School

High Schools Normandy High

School District Normandy

Others

Ownership Private

Acceptable Financing 1031 Exchange, Cash, Conventional

Listing Terms 1031 Exchange, Cash, Conventional

Special Listing Condition Standard

Listed by Michael Zangara • Apartment Advisors of America LLC

Kim Banovz

Broker | License ID: 475.209182

+1(618) 670-1910

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