St Louis, MO 63116,3537 Morganford RD
St Louis, MO 63116,3537 Morganford RD
St Louis, MO 63116,3537 Morganford RD
39
$1,625,000
$1,650,000
1.5%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

21,608 SqFt

3537 Morganford RD St Louis, MO 63116

Est. payment /mo
SOLD DATE : 12/19/2024

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP

Key Details

Sold Price $1,625,000

Property Type Multi-Family

Sub Type Multi-Family 5+

Listing Status Sold

Purchase Type For Sale

Square Footage 21,608 sqft

Price per Sqft $75

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

Read Less


Listed by Jordan Schoen • Invest St. Louis
Bought with David Nations

GET MORE INFORMATION

Amanda Alejandro

President/Owner | License ID: 2008015448

+1(636) 544-2288

Name
Phone*
Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.