9921 Sloane Sq StSt. Louis, MO 63134

This exceptional 64-unit apartment complex, known as Timber Place Apartments, presents a compelling investment opportunity in the thriving St. Louis, Missouri market. Located at 9921 Sloane Square, St. Louis, MO 63134, this property boasts a prime location near Lambert Airport, the University of Missouri - St. Louis (UMSL), and major employers such as Boeing and Emerson, ensuring consistent tenant demand. The complex comprises nine, two-story buildings totaling 46,410 square feet on a spacious 3.11-acre lot (135,646 sq ft). Built in 1965, the property includes a mix of 12 one-bedroom and 52 two-bedroom units, offering diverse rental options. Recent capital improvements exceeding $500,000 have been implemented, encompassing significant upgrades to plumbing and concrete, as well as individual unit renovations. These updates include new hardwood and ceramic flooring throughout, all-electric units equipped with central air and forced heat, and pitched roofs. The property's current NOI is $279,266, with a pro-forma NOI of $379,137, reflecting a 7.07% cap rate and a pro-forma cap rate of 9.60%. Offered at $3,950,000, this represents a price per unit of $61,718.75 and a price per square foot of $85.11. The property's APN is 12K-21-0198. This is a for sale by owner listing.