3537 Morganford RD Pending Save Request In-Person Tour Request Virtual Tour
St Louis,MO 63116
Key Details
Property Type Multi-Family
Sub Type Multi-Family 5+
Listing Status Pending
Purchase Type For Sale
Square Footage 21,608 sqft
Price per Sqft $76
Subdivision Russell Estate Add
MLS Listing ID 24065018
Year Built 1965
Building Age 59
Lot Size 0.366 Acres
Property Description
Meticulously maintained 20-unit apartment complex across three tax parcels in Tower Grove South. This is an incredible investment opportunity located near Tower Grove Park, Botanical Gardens, and Morganford?s vibrant shops, dining, and nightlife. Two brick buildings with one-bedroom units, private parking, and key code access. Current rents are below market with average rents at $725, presenting significant rent increase potential with average market rent at $895 for similar sized apts. Upgrades include appliances, garbage disposals, refinished floors, security cameras, Murray electrical panels, interior and exterior doors, vanities, counter-tops, medicine cabinets, on-site coin laundry, tenant storage, and a maintenance shop. The property features resealed parking lots and 25-year architectural shingle roofs. Each building offers baseboard heating, hotel-style cooling unit. Sixteen security cameras installed in 2023 offer enhanced safety. Seller reviewing offers at 2pm Fri Oct 25th.
Location
State MO
County St Louis City
Area South City
Interior
Heating Baseboard
Cooling Wall Unit(s)
Laundry Coin Operated,Common Laundry
Building
Sewer Public Sewer
Water Public
Structure Type Brick,Cedar
Schools
Elementary Schools Oak Hill Elem.
Middle Schools Long Middle Community Ed. Center
High Schools Roosevelt High
School District St. Louis City
Others
Acceptable Financing Cash Only,Conventional,Exchange,Private,Other
Listing Terms Cash Only,Conventional,Exchange,Private,Other
Special Listing Condition Renovated,None