Multi-Family for Sale: 3537 Morganford Road, St Louis, MO 63116 SOLD
21,608 sqft
$1,625,000
$1,625,000
3537 Morganford Road,
St Louis, MO 63116 SOLD
21,608 sqft
$1,625,000
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Selling Price: $1,625,000
Original List Price: $1,650,000
Sold at 98.5% of list price
Sold Date: 12/19/2024
Type Multi-Family
Square Footage 21,608 sqft
Lot Size 0.37 acres
Year Built 1965
Assoc Fee Paid None
Taxes Paid $6,393
City St Louis
Area South City
County St Louis City
Subdivision Russell Estate Add
MLS 24065018
Status Closed
DOM 9 days
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.
Lot & Building Features
Assoc Fee Paid None
Construction Brick, Cedar
Cooling Wall Unit(s)
Heat Source Electric
Heating Baseboard
Parking Description On Street, Parking Lot
Sewer Public Sewer
Tax Year 2023
Water Public
Lot Dimensions 45x145x99x104x13x7x87x42x86 ft
Community and Schools
Junior High School Long Middle Community Ed. Center
Senior High School Roosevelt High
Price History of 3537 Morganford Road, St Louis, MO
Date | Name | Price | Difference |
---|---|---|---|
10/18/2024 | Listing Price | $1,625,000 | N/A |
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed. |
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