Versailles Apartments

Name: Versailles Apartments
Brand: Marketplace

1550 Northwinds Estates Drive,
St. Louis, MO 63136

Asset Snapshot

1969

Year Built

Floor Count

100 Units

Unit Count

0 SF

Average Unit Size

106,510 SF

Property Size

Offering Summary

Investment Overview

Versailles Apartments is a 100-unit multifamily community located in the Northwinds Estates neighborhood of St. Louis, Missouri. The property features a unit mix of 59 one-bedroom, 28 two-bedroom/one-bathroom, 12 two-bedroom/one-and-a-half-bathroom, and one one-bedroom plus office apartment, providing broad appeal to the local renter population. Ownership recently completed an extensive renovation program, with apartment interiors upgraded with new LVP flooring, cabinetry, countertops, appliances, fresh paint, and LED lighting. These improvements position the property to attract and retain quality residents while minimizing near-term capital expenditures. The property has also benefited from significant capital improvements, including modernized elevators, new water heaters, upgraded electrical panels, CO/ALR-rated receptacles, FLOCK security cameras, HVAC replacements, and replacement windows, enhancing long-term operational reliability. The property has recently reached stabilization following completion of the renovation program, providing investors with the opportunity to acquire a substantially renovated asset before a full trailing twelve-month operating history reflective of current performance has been established. Versailles Apartments presents investors with the opportunity to acquire a turnkey multifamily community featuring extensive recent capital improvements, modernized building systems, and strong long-term ownership potential in the St. Louis market.