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Courtland Manor 7594 Watson Rd 95 Unit Apartment Building For Sale Saint Louis, MO 63119
Investment Highlights
- 95 Units - 70% of the units updated
- Average Rents - $875 | Market Rents - $950
- All 1 Bed / 1 Bath Layout
- Prime location in Shrewsbury, MO
- Strong Tenant Demand
Executive Summary
Salient Realty Group is pleased to present Courtland Manor Apartments, a 95 unit well-positioned multifamily asset located in the highly sought-after Shrewsbury, Missouri submarket of St. Louis County. The property’s infill location offers immediate access to Interstate 44, allowing residents convenient connectivity to Downtown St. Louis, major employment nodes, and established retail and dining destinations.
Courtland Manor is currently leased at an average rent of $875, materially below estimated market rents of approximately $950, creating a clearly defined path to revenue growth. The existing rent gap can be captured through selective interior upgrades, improved operational efficiencies, and systematic rent repositioning, without reliance on aggressive assumptions. Comparable renovated properties in the surrounding area continue to demonstrate strong absorption and sustained tenant demand.
Courtland Manor presents a rare opportunity to acquire a well-located, income-producing property with measurable upside and a straightforward execution strategy in one of the most defensive submarkets in the St. Louis metro.
Courtland Manor is currently leased at an average rent of $875, materially below estimated market rents of approximately $950, creating a clearly defined path to revenue growth. The existing rent gap can be captured through selective interior upgrades, improved operational efficiencies, and systematic rent repositioning, without reliance on aggressive assumptions. Comparable renovated properties in the surrounding area continue to demonstrate strong absorption and sustained tenant demand.
Courtland Manor presents a rare opportunity to acquire a well-located, income-producing property with measurable upside and a straightforward execution strategy in one of the most defensive submarkets in the St. Louis metro.
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 |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| 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 | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| 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
| Sale Type | Investment | Lot Size | 3.75 AC |
| No. Units | 95 | Building Size | 76,516 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1973 |
| Building Class | C | Parking Ratio | 1.7/1,000 SF |
| Zoning | FP | ||
| Sale Type | Investment |
| No. Units | 95 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 3.75 AC |
| Building Size | 76,516 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1973 |
| Parking Ratio | 1.7/1,000 SF |
| Zoning | FP |
Amenities
Unit Amenities
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Walk-In Closets
Site Amenities
- 24 Hour Access
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 95 | - | 650 |
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Property Taxes
| Parcel Number | 24J-44-0155 | Total Assessment | $2,566,277 CAD (2025) |
| Land Assessment | $498,766 CAD (2025) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $2,067,512 CAD (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
24J-44-0155
Land Assessment
$498,766 CAD (2025)
Improvements Assessment
$2,067,512 CAD (2025)
Total Assessment
$2,566,277 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2026
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Courtland Manor | 7594 Watson Rd
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