1265 Moorlands Drive
- RARE 17-Unit Building & 6 Garage/Basement Storage Units
- Prime Richmond Heights Location – Minutes from Downtown Clayton, Forest Park, and Washington University
- Significant Value-Add Opportunity – Potential for unit upgrades and huge rent upside
- Strong Rental Upside – Average monthly rent upside of $347 for studios and $730 for 1bd/1bth units
Property Description
Salient Realty Group is pleased to present 1265–1269 Moorlands Drive, a 17-unit multifamily investment opportunity located in the highly desirable Richmond Heights submarket of St. Louis County. Ideally positioned just minutes from Downtown Clayton, Washington University, Forest Park, and premier shopping and dining destinations, the property offers investors an attractive opportunity in a strong rental market. Buildings of this size in this area are extremely rare! The property features a mix of apartment layouts, including a two-bedroom, one-bathroom basement unit, along with six garages plus storage units that provide an additional income stream. With its desirable location, multiple sources of income, and potential for rental growth, 1265–1269 Moorlands presents an excellent opportunity for investors seeking long-term appreciation and increased cash flow. **Unit 69F – 2 Bed / 1 Bath: Requires renovations and updates to meet occupancy inspection requirements.
Broker Details
Salient Realty Group 314-451-7471
MLS ID: GALAFSER State License Number: 2015014613
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $1,895,000 |
| No. of Units: | 17 |
| Year Built: | 1940 |
| Opportunity Zone: | No |
| Price per unit: | $111,471 |
| Property Website | Click Here |
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