8230 Watson Rd

Beds
Baths
28,028 Sq. Ft.
$129 / Sq. Ft.
28,028
Sq. Ft.
$129
per Sq. Ft.

Description

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...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.
  1. Listed by Corey Egan • CBRE Inc.
    P: (314)-655-6000 C: (314)-529-1983 corey.egan@cbre.com
  2. Listed by Matt Bukhshtaber • CBRE Inc.
    P: (314)-655-6060 C: (314)-632-6685 matt.bukhshtaber@cbre.com

Property Details for 8230 Watson Road

Cross Street
Laclede Station
LISTING UPDATED: 11/22/2023 01:25 PM

Property Details for 8230 Watson Road

StatusClosed
MLS #22026453
Days on Market15
Taxes$18,887 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial Sale / Multi-Family 5+
Year Built1964
Lot Size1.05 AC / 45,564 SF
CountySt. Louis County

Location

Listing Courtesy of CBRE Inc.

Sold By Apartment Advisors of America LLC

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Building Information for 8230 Watson Road

Stories-Residences32Year Built1964Building Size-Lot Size1.05 AC / 45,564 SF

Payment Calculator

$19,123 per month

30 year fixed, 6.11% Interest

Principal and Interest

$17,549

Property Taxes

$1,574

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 8230 Watson Road

Summary
Location and General Information
  • City: St Louis
  • County Or Parish: St Louis
  • Directions: Watson Village is located on the south side of Watson Rd. just west of Laclede Station Rd.
  • Latitude: 38.566288
  • Longitude: -90.347483
  • Postal Code: 63119
  • State Or Province: MO
  • Sub division Name: Watson Village
  • Postal Code Plus 4: 4807
Taxes and HOA Information
  • List AOR: St. Louis Association of REALTORS
  • Parcel Number: 24K-21-0012
  • Tax Annual Amount: $18,887.00
  • Tax Year: 2021
Owner
  • Township: Marlborough
Parking
  • Attached Garage: No
  • Parking Features: Space/Unit - 1, Accessible Parking, Guest Parking, Parking Lot, Unassigned
School Information
  • Elementary School: Gotsch/Mesnier
  • High School: Affton High
  • High School District: Affton 101
  • Middle Or Junior School: Rogers Middle
Virtual Tour
Property
Lot Information
  • Lot Size Acres: 1.046
  • Lot Size Dimensions: 45302
  • Lot Size Source: County Records
  • Lot Size Square Feet: 45564.0
  • Property Sub Type: Multi-Family 5+
  • Builder Model: Low/1-2
  • Property Type: Commercial Sale
Property and Assessments
  • Above Grade Finished Area: 28028.0
  • Above Grade Finished Area Source: Public Records
  • Documents Count: 0
  • Photos Count: 21
  • Videos Count: 1
  • Year Built: 1964
  • Disclosures: Unknown,Other Disclosures,Limited Seller Discl,No Other Known Restr
  • Age: 58
Utilities
  • Sewer: Public Sewer
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Association Amenities: Some Balc/Some Terrc
Interior Features
  • Heat Source: Electric,Gas
  • Cable Available: 1
  • Cooling: Ceiling Fan(s), Electric
  • Heating: Forced Air, Individual Furnaces
  • Heating YN: Yes
  • Laundry Features: Coin Operated, Prvt Laund some unit
Multi Family
Multi-Family Information
  • Number Of Units Total: 32
  • One Bed Unit Baths: 1 Per Unit
  • One Bed Unit Includes: Laundry/Utility,Refrigerator,Range/Oven
  • One Bed Unit Rent: 686
  • Bedroom number of Units: 16
  • TYPE: Apartment Complex,Apt Bldg/Exterior En
  • Two Bed Unit Baths: 1 Per Unit
  • Two Bed Unit Includes: Dishwasher,Laundry/Utility,Refrigerator,Range/Oven
  • Two Bed Unit Rent: 809
  • Two Bed Unit Units: 16
Income & Expenses
  • Net Operating Income: $189,336.00
  • Total Expenses: 86529.00
Rental
Rent Information
  • Lease Term: Leases
  • Tenant Pays: Cable TV, Electricity, Gas

Property History for 8230 Watson Road

DateEvent & SourcePriceAppreciation
Jul 28, 2022

Closed (Public Record)

Public Record #1501355175

$3,616,000

+13.9% / yr

Jul 28, 2022

Closed

MARIS #22026453

$3,616,000
May 9, 2022

Pending

MARIS #22026453

Apr 28, 2022

Listed (Active)

MARIS #22026453

$3,650,000
Oct 31, 2012

Closed (Public Record)

Public Record #346261240

$1,021,500
Oct 31, 2012

Closed

MARIS #12028273

$1,021,500
Sep 24, 2012

Pending

MARIS #12028273

May 11, 2012

Listed (Active)

MARIS #12028273

$1,200,000
DateEvent & SourcePrice
07/28/2022

Closed (Public Record)

Public Record #1501355175

$3,616,000

+13.9% / yr

07/28/2022

Closed

MARIS #22026453

$3,616,000
05/09/2022

Pending

MARIS #22026453

04/28/2022

Listed (Active)

MARIS #22026453

$3,650,000
10/31/2012

Closed (Public Record)

Public Record #346261240

$1,021,500
10/31/2012

Closed

MARIS #12028273

$1,021,500
09/24/2012

Pending

MARIS #12028273

05/11/2012

Listed (Active)

MARIS #12028273

$1,200,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 8230 Watson Road

Taxable ValueLand$121,600Additions$324,900Total$446,500
Tax Record2024$33,606 ($2,800 / month)
Home Facts
Baths2Total Finished SqFt15,288 SqFtAbove Grade Finished SqFt15,288 SqFtStories2Lot Size45,564 SqFtStyleMulti-Family Dwelling (2-4)Year Built2005Zoning37MULTICountyST. LOUISAPN24K-2-1-001-2Fireplace TypeHas Fireplace

Schools near 8230 Watson Road

This home is within Affton 101 School District.
Rating
School
Type
Grades
Distance
Public - PK to 2
Public - 3 to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Mesnier Primary School
PublicPK to 2

Gotsch Intermediate School
Public3 to 5

Rogers Middle School
Public6 to 8

Affton High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of CBRE Inc.

Based on information submitted to the MLS GRID as of 11/22/2023 01:25 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.