Versailles Apartments

Versailles Apartments are situated at 1550 Northwinds Estates Dr, Saint Louis, Missouri 63136. The apartments are located in Ferguson, in the North County area, offering residents a suburban environment with convenient access to urban amenities. The neighborhood provides a blend of residential tranquility and proximity to essential services, making it suitable for individuals and families seeking a balanced lifestyle. The surrounding area features several shopping centers within walking distance, including West Florissant Shops, Buzz Westfall Plaza on the Boulevard, and Dellwood Crossing, all located within 0.9 miles of the property. Walmart and Home Depot are located about 1 mile to the North, at the 270. Located near the apartments for enjoying parks, sports and outdoor activities, Koeneman Park is just minutes from the property, providing a closer and more accessible green space for activities like walking, picnics, and sports. Additionally, Bella Fontaine Park, another nearby option, offers scenic trails and open areas for relaxation. The community is served by the Riverview Gardens School District, offering educational opportunities for families in the area.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.