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.

Map of 3537 Morganford Road, St Louis, MO

Location Map Street View
Photo of Nathan Merry, AHWD
Nathan Merry, AHWD
Broker/REALTOR
Direct: 314-605-7523
Office
111 Cliff Cave Rd Ste 200
Saint Louis, MO 63129
314-408-7070
Listed by Invest St. Louis, Jordan Schoen
Sold by Keller Williams Realty STL, David Nations
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20%
0.39341538461538%
6.75%
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Maris

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: Invest St. Louis

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