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$3,650,000
8230 Watson Rd, St Louis, MO 63119
0 Beds
0 Baths
28,028 SqFt

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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.
  • MOMARIS

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