St Louis, MO 63116 3725 Morganford Road
$3,495,000
18 more
Presented By: Salient Realty Group, LLC
Beds • 3
SQFT • 30,234
Home Details
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.
Presented By: Salient Realty Group, LLC
Interior Features for 3725 Morganford Road
Bedrooms
Total Bedrooms
Bathrooms
Half Baths
Other Interior Features
LivingAreaSourceAssessor
Above Grade Finished Area45276
Above Grade Finished Area SourceOwner
BasementConcrete, Sump Pump, Walk-Out Access
Basement (Y/N)Yes
Fireplace Y/NNo
FlooringLaminate
Laundry FeaturesInside, Laundry Room
Total Fireplaces
General for 3725 Morganford Road
AppliancesElectric Cooktop
Architectural StyleApartment Style
Attached Garage No
Carport Y/NNo
CitySt Louis
Community FeaturesSidewalks, Street Lights, Public Bus
Construction MaterialsBrick
CoolingCeiling Fan(s), Central Air
CountySt Louis City
DirectionsGPS is best!
DisclosuresNone
ElectricAmeren
Elementary SchoolOak Hill Elem.
Full Baths
Garage Spaces
Garage Y/NNo
Gross Income436267.2
HOANo
HeatingElectric
High SchoolRoosevelt High
High School DistrictSt. Louis City
Lease Considered Y/NNo
Lease TypeGross
Legal DescriptionC.B.4170-E MORGANFORD RD 240.65 / 225.77 X 155.42 / 225 BECKS OF THOLOZAN ADDN BLOCK 2 LOTS 36 & 37 & 38 & 39 & 40
LevelsTwo
Lot Size Square Feet44357.15
MLS Area3 - South City
Middle/Junior High SchoolLong Middle Community Ed. Center
Net Operating Income288744.55
New ConstructionNo
Number Of Units Total40
Ownership TypePrivate
PossessionClose Of Escrow
Property Subtype5 Family or More
Property TypeResidential Income
RoofRubber
Senior Community Y/NNo
Standard StatusActive
StatusActive
Structure TypeApartment Building
Subdivision NameBecks Tholozan Add
Tax Annual Amount19313
Tax Year2024
TownshipSt. Louis City
UtilitiesElectricity Connected, Sewer Connected, Water Connected
Year Built1965
Exterior for 3725 Morganford Road
Lot FeaturesCity Lot
Lot Size Acres1.0183
Lot Size SourcePublic Records
Number of Buildings1
Parking FeaturesAsphalt
Road Frontage TypeCity Street
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Schools
Elementary School
Oak Hill Elem.
Middle School
Long Middle Community Ed. Center
High School
Roosevelt High
Craig Ziegel
Realtor
