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7736 Springdale Drive Drive

Normandy, MO 63121

Property Overview
Price: $6,500,000
City: Normandy
County: St. Louis
Sale/Lease: Sale
Status: Active
MLS Number: 25055653
Property Description
Exceptional 69-Unit Multifamily Investment Opportunity adjacent to Major University. Introducing a rare opportunity to acquire a well-maintained, income-producing apartment community strategically located next to a prominent university. Situated on 3.27 acres of landscaped grounds, this rehabbed property (fully renovated in 2016) offers diverse unit mix of 1-bedroom, 2-bedroom apartments and spacious townhomes, appealing to a wide range of renters including students (25% tenant base), families and professionals. Surrounding the community are several major employers providing excellent stability to the occupancy and overall area. Bermuda Heights is being advertised at an 8% cap rate, 8.3% cash-on-cash return and generating excellent six figure cash-flow. Contact us today for financials, rent roll and to schedule a private tour.
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Featured Agent
John Engelbach
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Listing Brokered by Apartment Advisors of America LLC
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