825 Sanchos Circle, Dardenne Prairie, MO 63668
$12,000,000 (Under Contract)

64 Unit Complex In St. Charles County

*click image to start slideshow

Invest in St. Louis

The Pinecrest Apartments is a 64-unit garden-style apartment community built in 2014. Located on 5.98 acres in a park-like setting in Dardenne Prairie, minutes from Lake St. Louis in St. Charles County, the fastest-growing county in the state of Missouri.

  • This complex provides an immediate opportunity to raise rents as-is, and also with additional updates and amenities.
  • The apartments feature 1,000 square foot apartments each with 2 bedrooms and 2 baths.
  • Units have washer-dryer hookups, walk-in closets, dishwashers, microwaves, and central air conditioning.
  • The complex has a management office and a covered sitting area for tenants.
  • First-floor units feature 9′ ceilings and second-floor units have 8′ ceilings.
  • Apartments have 2″ x 6″ exterior walls with R-19 insulation.
  • Rents for new tenants and renewals have recently been increased from $1,000 a month to $1,165 a month + $35 a month for water, sewer, and trash.
  • Market rent for similar 2-bedroom apartments nearby range from $1.25 – $1.44 sq ft ($1,250- $1,444 based on a 1,000-square-foot apartment).
  • Rents could be further raised with additional updates and amenities like granite countertops, stainless steel appliances, and providing washers and dryers in the units.
  • There is also potential for a clubhouse with a pool and gym, along with a dog park on the property.
  • Similar-sized apartments with additional updates and amenities rent from $1,850 – $2,105 nearby.

Link to virtual tour: https://bit.ly/45keReH

Property Location

Share This Property:
Property Details:
Square Footage: 75600 County: St. Charles County Units: 40+ Condition: Turn Key Occupancy: Fully Occupied Parking: Off Street Parking, Parking Lot Heating: Electric Heat Cooling: Central Air Construction: Siding, Stone Basement: None
Home Amenities:
  • Some Dishwashers
  • Fridge
  • Stove
  • Washer/Dryer Hookup
  • Carpet
Agent Details:
Agent: Conner Proffer Phone: 573-915-9115 Fax:
Contact Agent: Please use the form below to contact agent Conner Proffer about this listing.

Search The MLS

Search the MLS below using the city, postal code, address or listing id of the desired property.