St Louis, MO 63116,3725 Morganford RD
St Louis, MO 63116,3725 Morganford RD
St Louis, MO 63116,3725 Morganford RD
St Louis, MO 63116,3725 Morganford RD
St Louis, MO 63116,3725 Morganford RD
St Louis, MO 63116,3725 Morganford RD
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$ 3,595,000
Est. payment | /mo

30,234 SqFt


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$ 3,595,000
Est. payment | /mo
Save

30,234 SqFt

Key Details

Property Type Multi-Family

Sub Type 5 Family or More

Listing Status Active

Purchase Type For Sale

Square Footage 30,234 sqft

Price per Sqft $118

Subdivision Becks Tholozan Add

MLS Listing ID 25080611

Style Apartment Style

Year Built 1965

Annual Tax Amount $19,313

Lot Size 1.018 Acres

Acres 1.0183

Property Sub-Type 5 Family or More

Property Description

Salient Realty Group is pleased to present this opportunity to acquire the Morganford Plaza Apartments, a 40-unit apartment community at 3725-41 Morganford Road, in St. Louis, Missouri. The property offers a strong value add opportunity with below market rents and a proven concept of conducting cosmetic unit updates to raise rents. It's rare to find a complex of this size and quality priced under $90,000 per unit.

The property offers an attractive unit mix with 24, 1 bedroom units and 16, 2 bedroom units and has had some major updates in recent years including: newer TPO roofs, all newer HVAC systems, updated laundry facility, and updated common grounds. Approximately 25 units have had cosmetic updates done, leaving 15 more to do and increase rents. A billboard is also located on the property and pays $2,000 annually. Reach out to the brokers for more information on this opportunity.

Location

State MO

County St Louis City

Area 3 - South City

Rooms

Basement Concrete, Sump Pump, Walk-Out Access

Interior

Heating Electric

Cooling Ceiling Fan(s), Central Air

Flooring Laminate

Fireplace Y

Appliance Electric Cooktop

Laundry Inside, Laundry Room

Exterior

Parking Features false

Utilities Available Electricity Connected, Sewer Connected, Water Connected

View Y/N No

Roof Type Rubber

Private Pool false

Building

Lot Description City Lot

Story 2

Water Public

Level or Stories Two

Structure Type Brick

Schools

Elementary Schools Oak Hill Elem.

Middle Schools Long Middle Community Ed. Center

High Schools Roosevelt High

School District St. Louis City

Others

Ownership Private

Acceptable Financing 1031 Exchange, Cash, Conventional

Listing Terms 1031 Exchange, Cash, Conventional

Special Listing Condition Standard

Listed by Garen Lafser • Salient Realty Group, LLC

Schools and Properties Nearby

SCHOOLSPROPERTIES
Elementary Schools 20
  • 10

    W.A. Higgins Middle School Academy of International Studies and Visual & Performing Arts

    Public | PK - 5

  • 10

    Kennard/Classical Jr. Academy

    Public | PK - 5

  • 8

    Mason Elementary School

    Public | PK - 6

  • 7

    Gateway Science Academy/St Louis

    Public | KG - 5

  • 5

    Bayless Elementary School

    Public | PK - 5

  • 5

    Buder Elementary School

    Public | PK - 5

  • 5

    City Garden Montessori School

    Public | KG - 8

  • 4

    Oak Hill Elementary School

    Public | PK - 5

  • 4

    Mann Elementary School

    Public | PK - 5

  • 4

    The Spanish School

    Public | KG - 5

  • 4

    The French School

    Public | KG - 5

  • 4

    South City

    Public | KG - 8

  • 4

    Froebel Literacy Academy

    Public | PK - 6

  • 4

    Kipp Inspire Academy

    Public | 5 - 8

  • 3

    Gateway Science Academy-South Ele

    Public | KG - 5

  • 3

    St. Louis Charter School

    Public | KG - 8

  • 3

    Shaw Visual/Performing Arts Center

    Public | PK - 5

  • 3

    Eagle College Preparatory Endeavor

    Public | KG - 3

  • 2

    Woerner Elementary School

    Public | PK - 5

  • 2

    Adams Elementary School

    Public | PK - 6

Middle Schools 10
  • 9

    McKinley Classical Leadership Academy

    Public | 6 - 12

  • 5

    Bayless Junior High School

    Public | 6 - 8

  • 5

    Gateway Science Academy/Mid/High

    Public | 6 - 10

  • 4

    Compton-Drew Ilc Middle School

    Public | 6 - 8

  • 2

    Busch Middle School Character Athletics

    Public | 6 - 8

  • 2

    Academy of Envt Science/Math Middle School

    Public | 6 - 8

  • 1

    Long Middle School

    Public | 6 - 8

  • 1

    Fanning Middle School

    Public | 6 - 8

  • 0

    Community Access Job Training

    Public | 8 - 12

  • 0

    L'Ouverture Middle School

    Public | 7 - 8

High Schools 11
  • 6

    Bayless High School

    Public | 9 - 12

  • 1

    Cleveland Njrotc Academy

    Public | 9 - 12

  • 1

    Central Visual/Performing Arts High School

    Public | 9 - 12

  • 1

    Gateway High School

    Public | 9 - 12

  • 1

    Roosevelt High School

    Public | 9 - 12

  • 1

    Carnahan School of the Future

    Public | 9 - 12

  • 0

    Bishop Du Bourg High School

    Private | 9 - 12

  • 0

    St Louis University High School

    Private | 9 - 12

  • 0

    St Mary's High School

    Private | 9 - 12

  • 0

    Mo School for the Blind - High School

    Public | 9 - 12

  • 0

    Lutheran Assn for Special Education

    Private | 9 - 12

School and business data provided by Attom Data.
Julie Bruenger
Julie Bruenger

Real Estate Advisor | License ID: 2004026979

+1(314) 817-8178 | julie@lovethelou.homes

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3725 Morganford RD