REO SALE Timber Ridge Apartments

1342 Garden Drive, Saint Louis, MO 63138

  • For Sale $4,950,000
  • Property Type Multi-Family
  • Property Size 131,290 SF
  • Units 144
  • Lot Size 6.07 Acre
  • Property Tenancy Multi-Tenant
  • Year Built 1963
  • Date Updated Feb 9, 2024
The City of St. Louis is located on the Mississippi River, the eastern boundary of the State of Missouri, just below its confluence with the Missouri River. The City occupies 61.74 square miles of land and its area has remained constant since 1876. The City, a constitutional charter city not part of any county, is organized and exists under and pursuant to its Charter and the Constitution and laws of the State of Missouri. The City is popularly known as the “Gateway of the West,” due to its central location and historic role in the nation’s westward expansion. Commemorating this role is the 630 foot stainless steel Gateway Arch, the world’s tallest man made monument, which is the focal point of the 86 acre Jefferson National Expansion Memorial on the downtown riverfront.Timber Ridge Apartments are located in the Spanish Lake neighborhood of Saint Louis, MO, at 1342 North Garden Drive. The multi-family complex has 144, two (2) bed, one (1) bath apartments that can suit a wide variety of necessities. In addition, the property features ample parking allowing easy access for all residents. Lender Foreclosure - potential investors should be aware the Lender acquired the property via a foreclosure. As a result, property is being sold in “As-Is” condition with no representations and warranties. During their short term of ownership, the Lender has started making units in rent-ready condition and leasing the units. This is an excellent opportunity for an investor to increase occupancy and take advantage of the housing demand for multi-family units in this marketplace

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Highlights

  • 18 multi-family buildings with a cumulative ±131,290 SF of residential space, on ±6.07 AC of land
  • Property features 144 units, each of them is two (2) bed and one (1) bath
  • Low Price Per Foot at only $34,375 per unit, Proforma Cap Rate with 10% vacancy is 11.91%
  • Abundant parking
  • Property is located within one (1) mile of national credit tenants including Circle K, McDonald’s, Burger King, CVS, Dollar Tree and more
  • Close proximity to Interstate 270 and Highway 367

Contacts

broker

David Maling

Avison Young - US - CA - Los Angeles

(213) 618-3825

Location

Getting Around

  • Walk Score ®

    13/100 Car-Dependent

  • Bike Score ®

    26/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Saint Louis, MO
  • Neighborhood Bel-Nor
  • Zip Code 63138
  • Market St Louis

Points of Interest

  • UMSL South

    0.96 miles

  • UMSL North

    1.26 miles

  • Rock Road

    1.39 miles

  • North Hanley

    1.50 miles

  • Wellston

    2.39 miles

  • University City Library

    2.98 miles

  • Leland Avenue

    3.05 miles

  • City Limit

    3.13 miles

  • Lambert Airport Terminal 2

    3.24 miles

  • The Pageant

    3.24 miles

  • QuikTrip

    1.83 miles

  • Phillips 66

    2.57 miles

  • Phillips 66

    2.84 miles

  • Shell

    3.17 miles

  • BP

    3.50 miles

  • BP

    3.61 miles

  • QuickTrip

    3.62 miles

  • Mobil

    4.10 miles

  • BP

    4.12 miles

  • QuikTrip

    4.33 miles

  • South Campus Garage (SCG)

    0.85 miles

  • Parking lot (JJ)

    0.86 miles

  • Millennium Student Center Garage South

    1.13 miles

  • Millennium Student Center Garage North

    1.21 miles

  • The Parking Spot East

    1.30 miles

  • Heman Park Pool

    2.06 miles

  • Cell Phone Lot Terminal 2

    2.89 miles

  • University City Public Library Parking Lot

    2.94 miles

  • Municipal Lot #4

    2.99 miles

  • Municipal Lot #3

    3.01 miles

  • Hilton Garden Inn St. Louis Airport

    1.63 miles

  • Travelodge St. Louis Airport

    2.41 miles

  • Budget Inn

    2.68 miles

  • Renaissance St. Louis Airport Hotel

    2.69 miles

  • Holiday Inn Express & Suites St Louis Airport

    2.91 miles

  • Best Western Plus St. Louis Airport Hotel

    3.12 miles

  • DoubleTree by Hilton St. Louis Airport

    3.13 miles

  • Super 8 by Wyndham St. Louis Airport

    3.15 miles

  • Hampton Inn and Suites Clayton/St Louis-Galleria Area

    3.19 miles

  • Moonrise Hotel

    3.20 miles

  • Oriental Chop Suey

    1.42 miles

  • McDonald's

    1.60 miles

  • Subway

    1.71 miles

  • White Castle

    1.88 miles

  • Domino's

    2.12 miles

  • McDonald's

    2.23 miles

  • Private Kitchen

    2.24 miles

  • Soup Dumpling STL

    2.25 miles

  • Chimi's Fresh Mex

    2.26 miles

  • Steak 'n Shake

    2.32 miles

  • Incarnate Word Academy

    0.46 miles

  • Lucas Crossing Elementary Complex School

    0.95 miles

  • University of Missouri - Saint Louis (UMSL)

    0.96 miles

  • Normandy Junior High School

    0.99 miles

  • Washington Elementary School

    1.04 miles

  • Bel-Nor Ridge Elementary School

    1.18 miles

  • Ritenour Middle School

    1.52 miles

  • Jefferson Elementary School

    1.63 miles

  • Vatterott College

    1.68 miles

  • Nathaniel Hawthorne Elementary School

    1.72 miles

  • Happy Go Lucky Child Care Center

    3.43 miles

  • Bayer Child Care Center

    4.79 miles

  • Miss Patt's Daycare

    4.90 miles

  • Smart Start Learning Acadamy

    4.92 miles

  • YWCA Head Start

    4.98 miles

  • Dumas Bi-Lingual Child Development Center

    5.05 miles

  • Veasley's Tender Loving Care Development Center

    5.07 miles

  • Eternity Childcare

    5.52 miles

  • Childgarden Early Childhood Center

    5.80 miles

  • Kingdom Kare Early Learning Center

    5.96 miles

Frequently Asked Questions

What is the lease rate for REO SALE Timber Ridge Apartments?

Rental asking rate at REO SALE Timber Ridge Apartments is $2,475,000.00/YR.

What is the total square footage of REO SALE Timber Ridge Apartments?

REO SALE Timber Ridge Apartments totals 131,290 square feet.

When was this property built?

REO SALE Timber Ridge Apartments was built in 1963.

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Contact Listing Broker

broker

David Maling

Avison Young - US - CA - Los Angeles

(213) 618-3825