7723-7741 Wild Plum Avenue is a 24-unit apartment community located in University City, a suburb of St. Louis, Missouri. This property benefits from its proximity to Washington University (16,552 students), a major educational institution, as well as the vibrant Delmar Loop.
Built in 1957 and renovated in 2008, the Property offers an investor the rare opportunity to acquire a stabilized asset with proven operating performance and tremendous upside potential. 100% of the units are in classic or near classic condition, allowing new ownership the opportunity to push rents through further continued unit upgrades or increasing in-place rents to market rate. The Property features all 3 bedroom apartment homes with 1 or 2 baths. Unit amenities include air conditioning, hardwood floors, ceiling fans, washer/dryer hookups, kitchen appliances, and reserved parking.
With a convenient centralized location, Wild Boar Apartments is situated in University City which borders Ladue and Clayton, which are some of the wealthiest municipalities in the St. Louis MSA (St. Louis Business Journal) and fall within the top 100 wealthiest suburbs in the United States (Bloomberg-2019).
Property included six parcels: 17K341455; 17K341477; 17K341466; 17K331335; 17K331324; 17K331346
