RARE OPPORTUNITY TO OWN 32 UNITS IN SOUTH COUNTY! Watson Village is a garden-style apartment 21,296 sf community situated on 1.05 acres. With considerable renovations completed in 2015 and more recent capital expenditures, Watson Village is a turnkey property with immediate value-add opportunity through rent increases and utility charge-backs. 28 out of 32 units underwent extensive renovations in 2015. The 4 remaining units have plans drawn up with an architecture seal, leaving an investor w/ potential value-add through future upgrades. Located in the village of Marlborough, Watson Village is surrounded by a host of retail shopping, big box stores, and dining options. No occupancy permits required, which means no inspection b/t turnovers). It's less than two miles from Webster University and five miles from Fontbonne University. It's centrally located w/in minutes to I-44, I-270, and I-64. It is seven miles south of Downtown Clayton and 11 miles southwest of Downtown St. Louis.
- Price:
- $3,650,000
- Square Footage:
- 28,028
- Acreage:
- 1.05
- Year Built:
- 1964
- Listing ID #:
- MAR22026453
- Street Address:
- 8230 Watson Rd
- City:
- St Louis
- State:
- Missouri
- Postal Code:
- 63119
- County:
- St Louis
- Community:
- Affton
- Subdivision:
- Watson Village
- Listing Status:
- Pending
- Listing Type:
- Commercial Sale
- Builder Model:
- Low/1-2
- Finished Above Ground Square Footage:
- 28028
- Number Of Units:
- 32
- Year Built:
- 1964
- Net Operating Income:
- 189336
- Approximate Lot Size Range Source:
- County Records
- Lot Square Footage:
- 45564
- Association Amenities:
- Some Balc/Some Terrc
- Contingency Type:
- Subj. To Clos-Buyer, Subject To Financing, Subject To Inspec.
- Days On Market:
- 69
- Included In Sale:
- Building & Land
- Lease Terms:
- Leases
- Originating Mls:
- Maris
- Cross Street:
- Laclede Station
- Subdivision:
- Watson Village
- Township:
- Marlborough
- Property Taxes:
- $18,887
- Tax Year:
- 2021
- Tenant Pays:
- Cable Tv, Electricity, Gas
- Parking Description:
- Space/Unit - 1, Accessible Parking, Guest Parking, Parking Lot, Unassigned
- Cooling System:
- Ceiling Fan(s), Electric
- Existing Water:
- Public
- Heating:
- Forced Air, Individual Furnaces
- Laundry:
- Coin Operated, Prvt Laund Some Unit
- Sewage Type:
- Public Sewer
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.
Your Payment
$1,400/mo
Source: CINC
- Listing Provided By: Cbre Inc.
