1544-1550 Northwinds Estates Dr | Saint Louis, MO 63136
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1544-1550 Northwinds Estates Dr
Saint Louis, MO 63136
Value-Add Opportunity in Suburban St. Louis · Multifamily Property For Sale
·
100 Units
INVESTMENT HIGHLIGHTS
- Versailles Apartments offers significant opportunity for value-add, stabilization, and rent growth.
- Currently positioned at the bottom of the competitive set, there is a clear path to add value and capture future upside.
- Positioned just off I-70, Versailles Apartments offers easy access to the largest employers within the St. Louis region.
- 100% of units are in near original condition and provide a blank canvas for revenue-generating improvements.
- There are no anticipated new developments for the next 24 months in the Northeast St. Louis submarket, giving new ownership ample time for upgrades.
- Property is strategically located within minutes of major interstates, sought-after demand drivers, and Downtown St. Louis.
PROPERTY FACTS
| Sale Condition | Auction Sale | Lot Size | 5.08 AC |
| Type of Ownership | Fee Simple | Building Size | 82,456 SF |
| No. Units | 100 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1969 |
| Property Subtype | Apartment | Parking Ratio | 1.96/1,000 SF |
| Apartment Style | Mid-Rise | Parcel Number | 12G-42-0224 |
| Building Class | C | ||
| Zoning | R5 | ||
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| No. Units | 100 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 5.08 AC |
| Building Size | 82,456 SF |
| No. Stories | 4 |
| Year Built | 1969 |
| Parking Ratio | 1.96/1,000 SF |
| Zoning | R5 |
| Parcel Number | 12G-42-0224 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Disposal
- Heating
- Ceiling Fans
- Eat-in Kitchen
- Kitchen
- High Speed Internet Access
- Oven
- Yard
- Dining Room
- Window Coverings
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Clubhouse
- Courtyard
- Laundry Facilities
- Tenant Controlled HVAC
- Laundry Service
- Pet Play Area
- Elevator
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 60 | - | 700 - 721 |
| 2+1 | 40 | - | 930 - 1,033 |
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