100 Ridgegate Ln St Peters, MO 63376
252-unit apartment complex with value-add potential in prime St. Peters location.
Building Details
- Year built
- 1985
Source:
Nmrk
Listing Agent: Dan Wiele
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Value-Add Multifamily Opportunity in St. Peters
Ridgewood Village presents an opportunity to acquire a 252-unit apartment complex built in 1985. The property features a mix of 118 one-bedroom units and 134 two-bedroom units (30 two-bed/one-bath and 104 two-bed/two-bath units). The property is located in St. Peters, Missouri, in a strong retail corridor, adjacent to Mid Rivers Mall, with access to retailers, restaurants, and I-70 via Mid Rivers Mall Drive. The property has been under current ownership for almost 30 years, who have prioritized high occupancy and necessary capital improvements. The asset has been meticulously maintained, allowing a new investor to focus on revenue-boosting improvements. The property is surrounded by Class A new construction to the East (5300 Center and Bold on Boulevard) and West (The Station at St. Peters). The property is being sold free and clear of existing debt, offering new ownership the ability to take advantage of debt options available in the marketplace.
Location Intelligence
Current Use by Public Records
Ridgewood Village Apartments
Apartment Building
Shenile Harriott Electrical ...
Electrical Supply Store
Location Insight
- Map
- Local Demand
- City
- St Peters
- County
- St. Charles
- State
- Missouri
- Longitude
- -90.615358
- Latitude
- 38.79197
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - 252-unit apartment complex with value-add potential in prime St. Peters location.
Where is this apartment building located?
The property is located at 100 Ridgegate Ln St Peters, MO.
What are key features of this property?
This property features: - Value-add opportunity with potential for $230+/unit/month rent premiums.; - A+ location in the heart of St. Peters, MO, adjacent to Mid Rivers Mall and with easy access to I-70.; - Extremely well-maintained asset, allowing focus on revenue-boosting improvements.