8230 Watson Road, St Louis, MO 63119

$3,650,000
List Price
$3,650,000
Days on Market
10
MLS#
MAR22026453
Status
PENDING
Lot Size
45,564
Sq. Ft. Above
28,028
Acres
1.046
Subdivision
Watson Village
Municipality
Marlborough
School District
Affton 101
County
St Louis
Year Built
1964
Listing Type
Commercial

Property Description

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.

Additional Information

Elementary School
Gotsch/Mesnier
Jr. High School
Rogers Middle
Sr. High School
Affton High
Parking Description
Space/Unit - 1, Accessible Parking, Guest Parking, Parking Lot, Unassigned
Lot Dimensions
45302
Amenities
Some Balc/Some Terrc
Cooling
Ceiling Fan(s), Electric
Sewer
Public Sewer
Heating
Forced Air, Individual Furnaces
Water
Public
Heat Source
Electric, Gas
Price Per Sq. Ft
130.23
Taxes Paid
18887
Selling Terms
Cash Only, Conventional

Mortgage Calculator

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Listing courtesy of CBRE Inc..

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