Properties

Commercial Sale For Sale

8435 Atherton Drive, St Louis, Missouri 63130

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Property Description

SRG is pleased to offer this low-rise/garden style 32-unit apartment community to the market. The property offers investors significant rent upside potential compared to submarket averages (up to $359 in rent upside) and a strong mix of primarily two-bedroom units.

There are multiple value-add strategies to maximize returns – raising rents for units in their current condition (low in place rent for 1 bed units is $475 & $600 for 2 bed units); or completing cosmetic updates and adding in-unit laundry which can command much higher rents. Competing submarket rents average $1,204 vs the property’s average rent of $845. Please reach out to the brokers for more information.

Basic Details
Property Type : Commercial Sale
Listing ID : 25010459
Price : $2,695,000
Year Built : 1961
Lot Area : 0.51 Acre
Status : Active
Property Sub Type : Multi-Family 5+
Features
Heating System : Forced Air
Cooling System : Gas
Parking : Space/Unit - 1
SchoolDistrict : University City
Taxes Paid : $0
Laundry Features : Other
Sewer : Public Sewer
Address Map
Directions : GPS is best!
Mls Area Major : University City
Neighborhood
Elementary School : Barbara Jordan Elem.
High School : University City Sr. High
High School District : University City
Middle School : Brittany Woods
Additional Information
Lot Size Dimensions : 0101 / 0101 - 0218 / 0222
Number Of Units Total : 32
Water Source : Public
Construction Materials : Brick Veneer
Financial
Tax Annual Amount : 8003
Listing Information
List Agent Mls Id : GALAFSER
List Office Mls Id : SLRG01
Modification Timestamp : 2025-02-27T16:01:17Z
Originating System Name : MARIS
Special Listing Conditions : None
Status Change Timestamp : 2025-02-26T21:23:33Z
Commercial Sale
  • Listing ID : 25010459
  • Lot Area : 0.51 Acre
$2,695,000
Agent info
1 Degree Realty
8930 Gravois Road
Contact Agent