NOT LISTED FOR SALE
48 Beds
16 Baths
28,028 Sq Ft
1.05 Acres

Last Sold July 28, 2022

10 Days on Market

Highlights

  • 1.05 Acre Lot
  • Building Security System
  • Laundry in Utility Room
  • Building Terrace
  • Accessible Parking
  • Guest Parking

About This Home

As of July 2022

RARE OPPORTUNITY TO OWN 32 UNITS IN SOUTH COUNTY! Watson Village is a garden-style apartment 21,296 sf community situated on 1.05 acres. With considerable renovations completed in 2015 and more recent capital expenditures, Watson Village is a turnkey property with immediate value-add opportunity through rent increases and utility charge-backs. 28 out of 32 units underwent extensive renovations in 2015. The 4 remaining units have plans drawn up with an architecture seal, leaving an investor w/ potential value-add through future upgrades. Located in the village of Marlborough, Watson Village is surrounded by a host of retail shopping, big box stores, and dining options. No occupancy permits required, which means no inspection b/t turnovers). It's less than two miles from Webster University and five miles from Fontbonne University. It's centrally located w/in minutes to I-44, I-270, and I-64. It is seven miles south of Downtown Clayton and 11 miles southwest of Downtown St. Louis.

Last Listed By

Corey Egan

CBRE Inc. License #2014016595 Listed on: 04/28/2022

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1964 | Remodeled

Lot Details

  • 1.05

Interior Spaces

  • 28,028 Sq Ft Home
  • Ceiling Fan
  • Fire and Smoke Detector
  • Laundry in Utility Room

Kitchen

  • Oven or Range
  • Dishwasher

Parking

  • Guest Parking
  • Parking Lot
  • Unassigned Parking

Schools

  • Gotsch/Mesnier Elementary School
  • Rogers Middle School
  • Affton High School

Utilities

  • Forced Air Heating and Cooling System
  • Wall Furnace
  • Heating System Uses Gas
  • Gas Water Heater

Additional Features

  • Accessible Parking
  • 1.05 Acre Lot

Listing and Financial Details

  • Tenant pays for cable tv/satellite, electric, gas
  • Assessor Parcel Number 24K-21-0012

Community Details

Overview

  • 2 Buildings
  • 32 Units
  • Low-Rise Condominium

Amenities

  • Building Terrace
  • Coin Laundry
  • Community Storage Space

Security

  • Building Security System

Property Details

Home Type

Apartment

Year Built

Built in 1964 | Remodeled

Lot Details

0

Listing Details

  • Sale Includes: Building & Land
  • Property Type: Multi-Family 5+
  • Type: Apartment Complex, Apt Bldg/Exterior En
  • Cross Street: Laclede Station
  • Municipality Township: Marlborough
  • Special Description: Renovated
  • Age: 58
  • Year Built: 1964
  • Directions: Watson Village is located on the south side of Watson Rd. just west of Laclede Station Rd.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Laundry: Coin Operated, Prvt Laund some unit
  • Square Footage: 28028

Garage/Parking

  • Parking: 1 Space/Unit, Accessible Parking, Guest Parking, Parking Lot, Unassigned

Utilities

  • Sewer: Public
  • Water: Public
  • Water Heater: Electric, Gas
  • Cooling: Ceiling Fan, Central-Electric
  • Heating: Forced Air, Individual Furnaces

Schools

  • School District: Affton 101
  • Elementary School: Gotsch/Mesnier
  • Middle School: Rogers Middle
  • High School: Affton High
  • Elementary School: Gotsch/Mesnier
  • Junior High School: Rogers Middle
  • School District: Affton 101
  • Senior High School: Affton High

Lot Info

  • Lot Dimensions: 45302
  • Lot Sq Ft: 45564
  • Acres: 1.0460

Rental Info

  • Tenancy Type: Leases
  • Tenant Pays: Cable TV/Satellite, Electric, Gas

Multi Family

  • Building Info: No Units Furnished, Security System, Smoke/Alarm Detector, Storage/Locker Area
  • Building Number: 2
  • Bulding Exterior: Some Balc/Some Terrc
  • Gross Operating Income: 280198.00
  • Total Units: 32
  • Total Expenses: 86529.00

Tax Info

  • Taxes Paid: 18887
  • Assessor Parcel Number: 24K-21-0012

Range of Values:

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Average Value
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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/28/2022 07/28/22 Sold -- -- --
05/09/2022 05/09/22 Pending -- -- --
04/28/2022 04/28/22 For Sale $3,650,000 -- $130 / Sq Ft
Source: MARIS MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: MARIS MLS

MLS Number: MAR22026453

MARIS MLS

APN: 24K-2-1-001-2