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1000 Wild Cherry Lane

University City MO 63130

34300 sq. ft.
6534 sq. ft.
Multi-Family
Currently for sale - view listing

Overview

1000 Wild Cherry Lane presents a rare opportunity to acquire a 28-unit multifamily asset in the heart of University City. The property features an attractive unit mix of spacious three-bedroom, two-bathroom apartments, offering a highly desirable housing option for families and long-term residents. Following a substantial $600,000 price reduction, this offering now presents compelling value for investors seeking strong upside potential in a growing submarket. Large floor plans, consistent rental demand, and a location surrounded by significant public and private investment position this asset for future appreciation and operational growth. The property is strategically located near the ongoing redevelopment and investment along the Olive Boulevard corridor and is just minutes from University City High School, major employers, retail centers, restaurants, and transportation routes. As University City continues to benefit from revitalization efforts and new development, investors have the opportunity to acquire a sizable asset at a significantly improved basis. With 28 oversized units in a supply-constrained market, 1000 Wild Cherry Lane offers scale, strong resident appeal, and long-term investment potential.

Features

34300 sq. ft. floor area
6534 sq. ft. lot size
Multi-Family

Property history for 1000 Wild Cherry Lane

2023
Sold
Undisclosed
12 Apr 2023 by Jordan Schoen, of Invest St. Louis

Happy sellers in University City

86%
86% of sellers in University City reported that their sale price either exceeded or met their price expectations.

University City stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 7 reviews in University City over the last 12 months.

Local market activity for multi families in University City

In the last 12 months, 17 multi families similar to 1000 Wild Cherry Lane, have been sold.

This represents a 61% increase in multi families sales when compared to the previous 12 months.

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(619) 566-0008
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