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Grants Trail Apartments 2616 Union Rd 76 Unit Apartment Building For Sale Saint Louis, MO 63125
Investment Highlights
- Value-add opportunity through continued units upgrades allowing rent upside for new ownership
- Favorable mix of one and two-bedroom apartment floor plan styles with 63% being two-bedroom units
- Superb location, close to I-55 providing convenient access to all major employment centers throughout the St. Louis metro
- Strong in-place cash flow with occupancy at 96.0%
- One-mile demographics with an average household income of $91,628 reflect a solid middle-class foundation
- High barrier to entry market
Executive Summary
CBRE, as exclusive advisor, is pleased to present the opportunity to acquire Grant’s Trail Apartments (the “Property”). This 76-unit apartment community is strategically located in the South County submarket of St. Louis, Missouri.
The Property offers newly renovated one and two bedroom floor plans with spacious layouts, updated kitchens, and new plank flooring, providing the perfect blend of comfort and modern convenience.
Grant’s Trail is offered unpriced on a free-and-clear basis.
The Property offers newly renovated one and two bedroom floor plans with spacious layouts, updated kitchens, and new plank flooring, providing the perfect blend of comfort and modern convenience.
Grant’s Trail is offered unpriced on a free-and-clear basis.
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Property Facts
| Sale Type | Investment | Lot Size | 3.85 AC |
| No. Units | 76 | Building Size | 75,480 SF |
| Property Type | Multifamily | Average Occupancy | 96% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1965/2022 |
| Building Class | C | Parking Ratio | 1.7/1,000 SF |
| Zoning | R4 | ||
| Sale Type | Investment |
| No. Units | 76 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 3.85 AC |
| Building Size | 75,480 SF |
| Average Occupancy | 96% |
| No. Stories | 2 |
| Year Built/Renovated | 1965/2022 |
| Parking Ratio | 1.7/1,000 SF |
| Zoning | R4 |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Refrigerator
- Oven
- Range
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Tenant Controlled HVAC
- Recycling
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 27 | - | 880 |
| 1+2 | 2 | - | 880 |
| 2+1 | 47 | - | 1,080 |
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Property Taxes
| Parcel Number | 28J-54-0336 | Improvements Assessment | $1,853,376 CAD |
| Land Assessment | $394,856 CAD | Total Assessment | $2,248,232 CAD |
Property Taxes
Parcel Number
28J-54-0336
Land Assessment
$394,856 CAD
Improvements Assessment
$1,853,376 CAD
Total Assessment
$2,248,232 CAD
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Grants Trail Apartments | 2616 Union Rd
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