7736 Springdale Drive DR new Save Request In-Person Tour Request Virtual Tour
Normandy,MO 63121
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
Year Built 1972
Lot Size 3.274 Acres
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
Interior
Heating Forced Air
Cooling Central Air
Exterior
Parking Features false
Utilities Available Cable Available
Roof Type Pitched/Sloped,Shingle
Building
Story 2
Water Public
Structure Type Aluminum Siding,Brick
Schools
Elementary Schools Jefferson Elem.
Middle Schools Jefferson Middle School
High Schools Normandy High
School District Normandy
Others
Acceptable Financing 1031 Exchange,Cash,Conventional
Listing Terms 1031 Exchange,Cash,Conventional
Special Listing Condition Standard