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.
Virtual Tours for 3537 Morganford Road St Louis, MO
Lot & Building Features
Assoc Fee PaidNone
ConstructionBrick, Cedar
CoolingWall Unit(s)
Heat SourceElectric
HeatingBaseboard
Parking DescriptionOn Street, Parking Lot
SewerPublic Sewer
Tax Year2023
WaterPublic
Lot Dimensions45x145x99x104x13x7x87x42x86 ft
Community and Schools
Elementary SchoolOak Hill Elem.
Junior High SchoolLong Middle Community Ed. Center
Senior High SchoolRoosevelt High
Price History of 3537 Morganford Road, St Louis, MO
Date
Name
Price
Difference
10/18/2024
Listing Price
$1,650,000
N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.
3537 Morganford Road (MLS #24065018) is a multi-family listing located in St Louis, MO.
This multi-family listing is 21,608 sqft and on a lot of 15,930 sqft (or 0.37 acres) and is 59 years old. This property was listed on 10/18/2024 and has been priced for sale at $1,650,000.
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Listing information courtesy of: Invest St. Louis
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