4318 Walker LaneNormandy, MO 63121

Description

76 units, fully renovated in 2015, with all roofs replaced in 2021. Currently 100% occupied. Monthly income is approximately $63,700 with an average rent of $838/unit. Mix of one and two-bedroom units with 53% two-bedrooms. Current rents are $43–$128 below market, providing immediate upside potential. The property is being offered free and clear of debt. The community offers gated parking, shared laundry in each building, and a well-maintained brick exterior. Located directly adjacent to the University of Missouri–St. Louis campus (14,000+ students, 1,000+ faculty), with quick access to I-70, MetroLink, Lambert International Airport, and major employers including Express Scripts.

Property Information

Property type

Residential Income

Sub-type

Multi Family

Style

Apartment Style

Year built

1947

Living area

50,000 Sq Ft

Lot size

2.13 acres

Parking spaces

95

Ownership

Private

Days on market

360

MLS^® Listing#

25068470

Property Features

Cooling

Central Air

Heating

Natural Gas

Parking

Asphalt

Patio

Patio

Construction

Brick

Roof

Asphalt · Shingle

Water source

Public

Schools

Elementary

Jefferson Elem.

Middle

Jefferson Middle School

High

Normandy High

Financial Details

HOA

None

Parcel number

14H-43-0215