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.
0 Bed
0 Bath
34,300 sq.ft
$0 per sq.ft
Apartment Style
$ 3,400,000
Canceled
0
26034791
0
0
34,300
Blackberry Terrace 2nd Add
University City
University City
St Louis
Residential Income
Apartment Style
Residential Income
$5,810
Last 6 closed homes in this zip.
| Address | Bd/Ba | SqFt | List | Sold | Closed |
|---|---|---|---|---|---|
| 930 Blackberry Place, University City, MO 63130 | 3/2 | 1,901 | $360,000 | $360,000 100% of ask |
Sep 4, 2026 |
| 7244 Shaftesbury Avenue, University City, MO 63130 | 3/1 | 1,856 | $325,000 | $319,000 98.2% of ask |
Sep 4, 2026 |
| 1278 North and South Road, University City, MO 63130 | 2/2 | 1,020 | $100,000 | $98,000 98% of ask |
Sep 3, 2026 |
| 8033 Amherst Avenue, University City, MO 63130 | 4/2 | 1,860 | $525,000 | $485,000 92.4% of ask |
Sep 3, 2026 |
| 8105 Delmar Boulevard, University City, MO 63130 | 3/2 | 1,639 | $375,000 | $375,000 100% of ask |
Sep 2, 2026 |
| 7322 Drexel Drive, University City, MO 63130 | 4/2 | 1,411 | $325,000 | $315,000 96.9% of ask |
Sep 2, 2026 |
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Tree-lined Yale Avenue sets the stage for this charming University City home, where original character and thoughtful updates live happily together. The living room features a set of distinctive French doors with pretty metal grills that surround the gorgeous stone fireplace. The living room opens into a spacious dining room that is adjacent to the updated kitchen that includes custom cabinetry, granite countertops, stainless appliances, and a convenient pantry. A bright and useful mudroom leads to the gorgeous brick patio, glorious gardens, and fenced backyard—perfect for morning coffee, happy hour, or letting everyone (and everything) run free. Upstairs, four generously sized bedrooms share a large, beautifully updated bath with a jetted tub, while three—yes, THREE—linen/storage closets keep life organized on the second floor. Original hardwood floors throughout the main and second levels are in wonderful condition and add warmth at every turn. The finished lower level delivers even more fun with a Family Room, play space, full bath and laundry room - the washer/dryer stay - plus a great storage room with built-ins. A convenient entrance to the lower level from the driveway is especially useful and you can add to that a detached two-car garage that includes built-in storage. Charming ... comfortable ... and full of surprises—this Yale Avenue gem is waiting to welcome YOU home!
TURNKEY SECTION 8 INVESTMENT | 12+ YEAR STABILIZED RESIDENT Turnkey single-family cash-flow asset located in McNamee Heights (University City, 63130). Delivering immediate, stabilized returns with a reliable Section 8 resident of 12+ years and extensive recent mechanical updates. INVESTMENT HIGHLIGHTS: Monthly Rent: $1,400/month ($1,164 Housing Assistance / $236 Tenant portion) Gross Annual Income: $16,800 (12.1% Gross Yield at $139k purchase) Tenant Pays: Electric, Gas, Water, and complete Yard Maintenance Owner Pays: Sewer and Trash only CAPEX & MECHANICAL UPDATES: Capital improvements already completed (with permits): HVAC: Brand new central furnace & A/C system (Installed June 2025) Plumbing: Modernized PVC main stack Electrical: Updated breaker panel Roof & Gutters: Architectural shingle roof (Installed October 2017) Water Heater: Modern, updated unit FUTURE VALUE-ADD / CONVERSION POTENTIAL: Another property on the block, with the identical 864 sq ft footprint converted into a 3-bedroom layout. This provides future owners the option to add a 3rd bedroom within existing square footage upon turnover, unlocking higher HUD Fair Market Rent tiers and proven equity upside. Basement is Partially-finished, Egress windows can be added to increase official Bedrooms / Sqft Property being sold as-is, tenant-occupied. Please do not disturb the tenant. Showings and interior access granted upon an accepted contract. Leases, ledgers, and documentation available upon request.
Classic University City charm meets stylish, updated living at 7448 Tulane! Nestled in the desirable University Place neighborhood and just moments from Mooney Park, this handsome two-story brick home offers wonderful curb appeal and a floor plan designed for today's lifestyle. Beautiful hardwood floors flow through the main living areas, while the large updated kitchen opens seamlessly to the dining area, creating a bright, welcoming space for both everyday living and entertaining. Upstairs you'll find three bedrooms, an updated full bath, and a nice bonus room - the perfect spot for a playroom, home office, reading retreat, or whatever suits your lifestyle. The recently finished lower level with new waterproofing and sump pump provides even more living space with a comfortable recreation room and convenient half bath. Step outside to discover a spacious fenced backyard with irrigation system, offering plenty of room to garden, entertain, play or simply relax. A one-car rear entry garage adds to the home's appeal. With its timeless brick exterior, thoughtful updates, and fantastic location near Mooney Park, this is a home you wont want to miss!!!!
