REO SALE Timber Ridge Apartments

For Sale

1342 Garden Drive, Saint Louis, MO 63138

This Saint Louis property for sale is located at 1342 Garden Drive. The current listed sale price for REO SALE Timber Ridge Apartments is $4,950,000.

Contacts

broker
David Maling

Avison Young - US - CA - Los Angeles

broker
Chris Maling

Avison Young - US - CA - Los Angeles

Property Details

  • Property Type Other
  • Units 144
  • Additional Rent Contact for pricing
  • Year Built 1963
  • Date Updated Dec 17, 2024

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 11.22%
  • Abundant parking
  • Property is located within one (1) mile of national credit tenants including Circle K, McDonalds, Burger King, CVS, Dollar Tree and more
  • Close proximity to Interstate 270 and Highway 367

Getting around

  • 13/100

    Walk Score ®

  • 26/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Saint Louis , MO
  • Neighborhood Bel-Nor
  • Zip Code 63138
  • Market St Louis

Points of Interest

  • University City Library

    2.98 miles

  • Leland Avenue

    3.05 miles

  • Lambert Airport Terminal 2

    3.24 miles

  • Delmar Loop

    3.29 miles

  • Delmar Loop Metrolink

    3.35 miles

  • Skinker

    3.58 miles

  • Clayton

    3.81 miles

  • Forest Park - DeBaliviere Metrolink

    3.96 miles

  • Missouri History Museum/Forest Park

    4.19 miles

  • Discovery Corner Station

    4.61 miles

  • QuikTrip

    1.25 miles

  • QuickTrip

    1.98 miles

  • Mobil

    2.39 miles

  • BP

    2.57 miles

  • Phillips 66

    2.57 miles

  • Costco Gasoline

    2.66 miles

  • Electric Car Charging Station

    5.87 miles

  • Tesla Supercharger

    6.33 miles

  • ChargePoint

    6.95 miles

  • EVgo Charging Station

    7.97 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

  • Cell Phone Lot Terminal 2

    2.89 miles

  • University City Public Library Parking Lot

    2.94 miles

  • Municipal Lot #4

    2.98 miles

  • Municipal Lot #3

    3.01 miles

  • Super Park Lot E

    3.06 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

  • Save-A-Lot

    1.71 miles

  • Fields Foods

    1.76 miles

  • ALDI

    1.98 miles

  • Olive Supermarket

    2.15 miles

  • Schnucks

    2.27 miles

  • Marshalls

    2.34 miles

  • United Provisions

    3.15 miles

  • Aldi

    3.16 miles

  • Dillard's

    4.52 miles

  • Saint Louis Galleria

    4.61 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact REO SALE Timber Ridge Apartments