University Villa Apartments

76 Unit Value-Add Opportunity with 100% Occupancy, Near University of St. Louis, Missouri

Highlights

Established 76-unit multifamily property located in St. Louis with direct access to the University of Missouri-St. Louis campus

Well-maintained brick construction

All roofs were replaced in 2021

Full gut rehabbed  of all units was completed in 2015

Below-market rents allowing immediate value-add for new ownership

Strong in-place cash flow with occupancy at 100%

Favorable mix of one and two-bedroom apartment floor plan styles with 53% being 2-bedroom units

Each building has shared laundry facilities 

One-Mile Demographics with an average household income of $73,446  reflects a solid middle-class foundation

Ample parking of 95 spaces in gated lot

Easy access to I-70 and walking distance to MetroLink stop 

High barrier to entry market

Offered free and clear of encumbrances and below replacement cost 

Overview

CBRE, as exclusive marketing advisor, is pleased to present the opportunity to acquire University Villa Apartments (“the Property”), a 76-unit, garden-style apartment community situated on 2.13 acres in St. Louis, Missouri. Constructed in 1947, 1963 and 1965, and fully-renovated in 2015, the residential property includes 50,000 total square feet of rental space throughout eight buildings.

Investors have an opportunity to acquire a well-performing multifamily asset that is primed for rent upside. Current rents are below market rates, providing immediate upside potential for future ownership through rental increases. 

University Villa Apartments is ideally located with direct access to the University of Missouri-St. Louis campus with more than 14,000 students and ±1,000 faculty. The Property is being sold on a free & clear basis. 

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Location Description

Normandy, Missouri is a small, historic city located in north St. Louis County with a population of approximately 4,287 residents. The city is partially home to the University of Missouri–St. Louis (UMSL), providing access to higher education and cultural events. Residents of University Villa Apartments  benefit from convenient public transportation via the MetroLink UMSL South Station, and the city has invested in revitalization projects like the Natural Bridge Road “Great Streets” initiative to improve walkability and aesthetics. Normandy also features a public library branch, a strong local school district, and proximity to major highways and employment centers, making it a desirable and accessible place to live.

University Villa Apartments are also just under five miles from Lambert-St. Louis International Airport, making them a great choice for frequent travelers or airline professionals. 

For shopping and daily needs, residents have access to several nearby centers including North Oaks Plaza and Beverly Hills Shopping Center, along with grocery options like ALDI, Schnucks, and Sav-A-Lot.

Employment opportunities are abundant in the area, with major employers such as Express Scripts headquartered nearby. The community also benefits from quick access to I-70 and I-170, making commutes to business districts in Clayton, downtown St. Louis, and beyond both fast and convenient.