Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1959
Sq.Footage
34,300
1000 Wild Cherry Lane presents a rare opportunity to acquire a 28-unit multifamily asset in the heart of University City. The property features an attractive unit mix of spacious three-bedroom, two-bathroom apartments, offering a highly desirable housing option for families and long-term residents. Following a substantial $600,000 price reduction, this offering now presents compelling value for investors seeking strong upside potential in a growing submarket. Large floor plans, consistent rental demand, and a location surrounded by significant public and private investment position this asset for future appreciation and operational growth. The property is strategically located near the ongoing redevelopment and investment along the Olive Boulevard corridor and is just minutes from University City High School, major employers, retail centers, restaurants, and transportation routes. As University City continues to benefit from revitalization efforts and new development, investors have the opportunity to acquire a sizable asset at a significantly improved basis. With 28 oversized units in a supply-constrained market, 1000 Wild Cherry Lane offers scale, strong resident appeal, and long-term investment potential.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Basement YN
NO
-
Cooling YN
YES
-
Cooling
Central Air, Gas
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Forced Air, Natural Gas
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Brick Veneer
-
Pool
No
Area & Lot
-
Lot Size(acres)
0.15
-
Lot Size(square feet)
6534.0
-
Property Type
Residential Income
-
Property Sub Type
Multi Family
-
Architectural Style
Apartment Style
Price
-
Sales Price
$3,400,000
-
Tax Amount
$5,810
-
Sq. Footage
34, 300
-
Price/SqFt
$99
HOA
-
Association
No
School District
-
Elementary School
Jackson Park Elem.
-
Middle School
Brittany Woods
-
High School
University City Sr. High
Property Features
-
New Construction
NO
-
Ownership
Private
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Location
County
St. Louis
Elementary School
Jackson Park Elem.
Middle School
Brittany Woods
High School
University City Sr. High
Listing Courtesy of James Anderson , Salient Realty Group, LLC
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AGENT
Franko Maric
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