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Wild Cherry Apartments 1001-1031 North and South Rd 28 Unit Apartment Building $5,288,460 CAD ($188,874 CAD/Unit) University City, MO 63130
Investment Highlights
- 28 units: 8 - four family buildings. All 3 bd/1.5 bth ~1,250 SF
- Below Market Rents
- Currently operating at a 86% occupancy
- Incredible location in University City near Wash U. Campus, Downtown Clayton, and The Delmar Loop
- Updated Units and Utility Systems
Executive Summary
Salient Realty Group is pleased to present this 28-unit apartment complex located in the center of University City, 1027 North and South Rd offers an exceptional investment opportunity within the well-maintained Wild Cherry apartment community. The property consists of 8, 4-family buildings, each with 3 bed and 1.5 bed layouts This prime location provides residents with immediate access to the vibrant Delmar Loop, the scenic trails of Forest Park, along with being within close proximity to Washington University. The property boasts strong financial performance with consistent rental income and a diverse revenue stream including parking and utility reimbursements. Each unit is designed for functional living, situated in a high-demand area known for its historic charm and suburban convenience. With its proximity to major employment hubs like Clayton and top-rated local schools, this property is perfectly positioned for long-term growth and stability.
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $5,288,460 CAD | Building Class | C |
| Price Per Unit | $188,874 CAD | Lot Size | 2.13 AC |
| Sale Type | Investment | Building Size | 40,000 SF |
| No. Units | 28 | Average Occupancy | 86% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1959 |
| Apartment Style | Garden | ||
| Zoning | 07 | ||
| Price | $5,288,460 CAD |
| Price Per Unit | $188,874 CAD |
| Sale Type | Investment |
| No. Units | 28 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 2.13 AC |
| Building Size | 40,000 SF |
| Average Occupancy | 86% |
| No. Stories | 2 |
| Year Built | 1959 |
| Zoning | 07 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1.5 | 28 | $1,740 CAD | 1,250 |
1 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 17K-34-1532 | Improvements Assessment | $92,172 CAD (2025) |
| Land Assessment | $10,577 CAD (2025) | Total Assessment | $102,749 CAD (2025) |
Property Taxes
Parcel Number
17K-34-1532
Land Assessment
$10,577 CAD (2025)
Improvements Assessment
$92,172 CAD (2025)
Total Assessment
$102,749 CAD (2025)
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Wild Cherry Apartments | 1001-1031 North and South Rd
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