7736 Springdale Drive Normandy, MO 63121
PRICED AT $6,900,000
Listing Details
- $6,900,000
- MLS# 26023533
- Type Commercial -
- Status Active
- 4.320 acres Lot Size
- 1972 Year Built
Description
Positioned in a high-demand rental corridor, 7736 Springdale Drive presents a compelling investment opportunity in the heart of North St. Louis County. Situated on 3.27 acres, this 69-unit apartment community spans 8 well-maintained buildings and is offered at $6,900,000, delivering an attractive 6.46% cap rate supported by strong in-place cash flow and consistently low vacancy. The property features an excellent unit mix of 14 two-bedroom, 1.5-bath units, 39 two-bedroom, one-bath units, and 14 one-bedroom, one-bath units, appealing to a broad tenant base.Ideally located just minutes from University of Missouri-St. Louis (UMSL), the asset...read more
Features
- Dishwasher
- Disposal
- Dryer
- Microwave
- Free-Standing Electric Range
- Refrigerator
- Washer
- Ceiling Fan(s), Central Air
- Forced Air, Natural Gas
- $81,755 Taxes
- Public
- Built in 1972
Gallery
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