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3725 Morgan Ford Road, Saint Louis, MO 63116
$3,250,000 Sale Pending
3725 Morgan Ford Road, Saint Louis, MO 63116View this property at 3725 Morgan Ford Road, Saint Louis, MO 63116
3725 Morgan Ford RoadSaint LouisMO63116
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Property Description
Incredible 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 strong rental demand and an average in-place rent upside of $85 plus $40 RUBs per unit per month on average for a total of $125 average rent upside per unit. However, when updating units cosmetically, units are increasing up to $200 a month plus $40 RUBs. 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: new TPO roofs, all newer HVAC systems, updated laundry facility, and updated common grounds. Some units have been updated offering a proven concept for higher rents. The property does offer assumable Freddie Mac debt. Terms are outlined later in this offering memorandum.
Full Property Details
Full Property Details for 3725 Morgan Ford Rd
General
- Price: $3,250,000
- Taxes: $18,363 (2023)
- Status: Pending
- Type: Commercial Multi-Family
- MLS ID: 24012761
- Updated: 3/26/2024
- Added to Site: 54 day(s) ago
Rental Information
- Lease/Rent Term: Leases
Parking
- Parking Features: Parking Lot
Location
- Area: South City
- County: St Louis City
- Township: St. Louis City
- Subdivision: Tower Grove South
- Neighborhood: Tower Grove South
- Cross Streets: Morgan Ford & Chippewa
- Driving Directions: GPS.
School Information
- School District: St. Louis City
- High School District: St. Louis City
- Elementary School: Oak Hill Elem.
- Middle School: Long Middle Community Ed. Center
- High School: Roosevelt High
Heating & Cooling
- Cooling Type: Electric
- Heating Type: Forced Air
- Heating Fuel: Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Square Feet: 45,276
- Year Built: 1965
Lot Features
- Lot Dimensions: 255.77 x 155.42
Financial Considerations
- Price Per Sq. Ft.: $71.78
- Tax Amount: $18,363
- Tax Year: 2023
- Terms: Cash Only, Conventional
- Tenant Pays: Electricity, Gas
Disclosures and Reports
- Buyer’s Brokerage Compensation: 1.25%
- Special Conditions: None
- Inclusions: Building & Land
- Disclosures/Reports: Unknown, No Other Known Restr, Sellers Discl Not Av
- Property ID: 417003370
Listed by Salient Realty Group, LLC
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Schools
Schools serving 3725 Morgan Ford Rd
School District:St. Louis City Schools
Rating | Name | Grades | Distance |
---|---|---|---|
4300 Morganford Rd, Saint Louis, MO 63116 | PK-5 | 0.2 mi | |
5028 Morganford Rd, Saint Louis, MO 63116 | 6-8 | 0.8 mi | |
3230 Hartford St, Saint Louis, MO 63118 | 9-12 | 1.6 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 3725 Morgan Ford Rd
Date
Details
Price
Change
Source
3/04/2024
Listed
$3,250,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 3725 Morgan Ford Rd
3725 Morgan Ford Road, Saint Louis, MO 63116 (MLS# 24012761) is a Commercial Multi-Family property. 3725 Morgan Ford Road is currently listed for $3,250,000 and was received on March 04, 2024. Want to learn more about 3725 Morgan Ford Road? Do you have questions about finding other Commercial Multi-Family real estate for sale in Saint Louis? You can browse all Saint Louis real estate or contact a Coldwell Banker agent to request more information.