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Published on: Friday, November 1, 2024

Updated on: Friday, November 1, 2024

About the Lister

Name: Chris Maling

Company: Avison Young

Office Phone: +1 213.618.3824

Cell Phone: +1 213.364.7222

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Beautiful Multifamily property

1342 N Garden Dr, St. Louis Saint Louis Missouri , 63138

Avison Young
Listing ID: CL-Missouri-12673 Other/Multifamily

Purchase Option

Asking Price: $4,950,000.00

Acquisition Option: Traditional Purchase

Cap Rate (%): 11.91

Net Operating Income: Contact Lister

Quick Glance

Listing ID: CL-Puerto Rico-26828

Status: Accepting Offers

Occupancy: N/A

Year Build: 1956

Building Size: N/A SqFt

Lot Size: 10,452.00 SqFt.

No of Stories: 1

No of Parking: N/A

Is Security Deposit Required: No

Lease Type: Modified Gross Lease

Available B2B Options: 0

Offer to Millionaire Club: No

Listing Summary

Avison Young is pleased to present the opportunity to acquire Timber Ridge Apartments. 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.

Complete Details

Year Build: 1956

Building Size: N/A

Total Lot Area: 10,452 SqFt.

No of Stories: 1

No of Total Units: N/A

Occupancy: 0%

Heating and Cooling: None

Roofing: Not Specified

No of Parking: N/A

Lease Details

Lease Type: Modified Gross Lease

Monthly Rent: $8,000.00

Availability on: Friday, November 14, 2025

Rental Application Fee: $0.00

Total Cost to Move in: $0.00

Security Deposit Required?: No

Lease Terms

Full Description

Avison Young is pleased to present the opportunity to acquire Timber Ridge Apartments. 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.

Additional Properties

Property Highlights

Size: 10,452 sq. ft. (first floor)
Ceiling Height: Approx. 14 ft – ideal for vertical storage
Loading: Dock accommodates 40-ft container
Freight Elevator: For efficient handling of heavy goods
Electrical: New substation installed
Parking: Unassigned spaces available
Condition: Requires some repairs (reflected in rental price)
Location: Prime Santurce corridor with excellent access to highways, ports, and urban markets
Use: Suitable for warehousing, distribution, or light industrial operations
Additional: Sale option may be considered

Additional Links

Contacts

No Additional Contacts.

Listing Location

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