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Testzhe Liu

testzhe.liu@123.com +1(123) 456-7890

$6,555,000

Est. payment - /mo

4.32 Acres Lot

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UPDATED:

Key Details

Property Type Commercial Sale

Listing Status Active

Purchase Type For Sale

Subdivision Normandy Heights Amd

MLS Listing ID 26023533

Year Built 1972

Annual Tax Amount $81,755

Lot Size 4.320 Acres

Acres 4.32

Property 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 6.8% 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 benefits from steady rental demand driven by students, faculty, and the surrounding workforce. Its proximity to NorthPark, along with major employers such as Express Scripts and Boeing Defense, Space & Security, further enhances tenant stability and long-term occupancy. Many units have been thoughtfully updated, along with key improvements to major systems and appliances, minimizing near-term capital expenditures and supporting operational efficiency.

The property is professionally managed with experienced on-site management currently in place, and ownership is willing to facilitate a seamless transition by retaining the existing team, providing operational continuity and reducing lease-up or management risk for a new owner. With market-aligned rents and additional upside potential, this stabilized asset offers investors a turnkey opportunity to acquire a well-located, income-producing property in a proven and growing rental market.

Location

State MO

County St. Louis

Area 106 - Normandy

Interior

Heating Forced Air, Natural Gas

Cooling Ceiling Fan(s), Central Air

Flooring Carpet, Ceramic Tile, Laminate, Vinyl

Fireplace N

Appliance Dishwasher, Disposal, Dryer, Microwave, Free-Standing Electric Range, Refrigerator, Washer

Exterior

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

View Y/N No

Building

Water Public

Structure Type Brick Veneer

Others

Ownership Private

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

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Listed by Nidhi Soni • The Hermann London Group LLC

Nearby School & Business

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Testzhe Liu

+1(123) 456-7890

Realtor License ID: 01933960

7736 Springdale DR Normandy, MO 63121

Testzhe Liu

Key Details

Location

Interior

Exterior

Building

Others

Nearby School & Business

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