1550 Northwinds Estates Drive
- (2) Modernized Elevators (2026)
- (3) New Water Heaters (2024)
- FLOCK Security Cameras (2024)
- New LVP Flooring Throughout
- All New Cabinets/Countertops
- New Appliances
- Upgraded ALL Electric Panels
- LED Lighting Throughout (2023)
- New Roof (2012)
- 25% New HVAC systems (2024-2026)
- 25% New Windows
- Upgraded All Outlets to CO/ALR Outlets
Property Description
Versailles Apartments is a 100-unit multifamily community located in the Northwinds Estates neighborhood of St. Louis, Missouri. The property features a unit mix of 59 one-bedroom, 28 two-bedroom/one-bathroom, 12 two-bedroom/one-and-a-half-bathroom, and one one-bedroom plus office apartment, providing broad appeal to the local renter population. Ownership recently completed an extensive renovation program, with apartment interiors upgraded with new LVP flooring, cabinetry, countertops, appliances, fresh paint, and LED lighting. These improvements position the property to attract and retain quality residents while minimizing near-term capital expenditures. The property has also benefited from significant capital improvements, including modernized elevators, new water heaters, upgraded electrical panels, CO/ALR-rated receptacles, FLOCK security cameras, HVAC replacements, and replacement windows, enhancing long-term operational reliability. The property has recently reached stabilization following completion of the renovation program, providing investors with the opportunity to acquire a substantially renovated asset before a full trailing twelve-month operating history reflective of current performance has been established. Versailles Apartments presents investors with the opportunity to acquire a turnkey multifamily community featuring extensive recent capital improvements, modernized building systems, and strong long-term ownership potential in the St. Louis market.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| No. of Units: | 100 |
| Year Built: | 1969 |
| Lot Size: | 5.08 Acres |
| Opportunity Zone: | No |
| Property Website | Click Here |
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