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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.

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Street Address: 8435 Atherton Drive

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City: Saint Louis

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State: Missouri

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Postal Code: 63130

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County: St. Louis

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MLS Number: MAR25010459

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Year Built: 1961

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Courtesy of Salient Realty Group, LLC

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