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3537 Morganford Road
St Louis MO 63116 US

$1,650,000

Pending Listing ID 24065018
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Lot: 0.37 Acres
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Other

$1,650,000

Pending Listing ID 24065018
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3537 Morganford Road 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.

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Property Features

  • Facts
  • Lot Size: 0.37 Acres
  • Property Type: Commercial Sale
  • Property Sub-type: Other
  • Features
  • Cooling System: Wall Unit(s) A/C
  • Heating Fuels: Baseboard

School Information

  • School
  • Oak Hill Elem.(Elementary)
  • Long Middle Community Ed. Center(MiddleSchool)
  • Roosevelt High(HighSchool)

Property

  • propertytype: Commercial Sale
  • propertysubtype: Other
  • listprice: 1650000
  • unparsedaddress: 3537 Morganford Road
  • postalcity: St Louis
  • stateorprovince: MO
  • country: US
  • postalcode: 63116
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.3657
  • lotsizeunits: Acres
  • lotsizearea: 0.3657
  • livingarea: 21608
  • livingareaunits: Square Feet
  • latitude: 38.593716
  • longitude: -90.263141
  • listagentfullname: Jordan Schoen
  • listagentemail: jordan@investstl.com
  • listagentkey: 3yd-MARISMO-JSCHOEN
  • listagentmlsid: JSCHOEN
  • listagentpreferredphone: 3142555117
  • listagentofficephone: 3256201
  • listofficekey: 3yd-MARISMO-INVS01
  • listagentstatelicense: 2009024331
  • listofficemlsid: INVS01
  • disclaimer: Copyright © 2024 MARIS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: MARISMO
  • yearbuilt: 1965
  • listagenturl: http://investinstlouis.com
  • countyorparish: St Louis City
  • parcelnumber: 4166-06-0040-0
  • elementaryschool: Oak Hill Elem.
  • highschool: Roosevelt High
  • elementaryschooldistrict: St. Louis City
  • middleorjuniorschooldistrict: St. Louis City
  • highschooldistrict: St. Louis City
  • cooling: Wall Unit(s) A/C
  • constructionmaterials: Brick, Cedar
  • heating: Baseboard
  • numberofunitstotal: 20
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 0
  • parkingfeatures: On Street, Parking Lot
  • waterfrontyn: False
  • architecturalstyle: Other
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -90.26314, 38.593716
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Invest St. Louis", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"jordan@investstl.com", "ListBrokerageCity":"St. Louis", "ListBrokerageCountry":"US", "ListBrokerageEmail":"investsaintlouis@gmail.com", "ListBrokerageLogoUrl":null, "ListBrokerageName":"Invest St. Louis", "ListBrokeragePhone":"(314) 255-5117", "ListBrokeragePostalCode":"63139", "ListBrokerageStateOrProvince":"MO", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"6201 Arsenal", "ListBrokerageWebsiteUrl":"http://investinstlouis.com", "ListOfficeAddress1":"2309 Thurman", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"JSCHOEN", "ListOfficeCity":"Saint Louis", "ListOfficeCountry":"US", "ListOfficeEmail":"Jordan@InvestSTL.com", "ListOfficePostalCode":"63110", "ListOfficeStateOrProvince":"MO", "ListPriceCurrencyType":"USD", "ListingTitle":"Multi-Family 5+ - St Louis, MO", "ListingURL":"https://listings.listhub.net/pages/MARISMO/24065018/?channel=rexren", "MLSModificationTimestamp":"2024-10-27T20:57:04Z", "Neighborhoods":[{"Description":null, "Name":"South City"}], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":6393, "TaxDescription":null, "TaxYear":"2023"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 11/8/2024 9:00:52 AM GMT
Source Updated Date: 12/22/2024 6:50:18 AM GMT

Courtesy of: Jordan Schoen, Invest St. Louis, jordan@investstl.com

Copyright © 2024 MARIS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.