Morganford Plaza Apartments

For Sale

3725 Morgan Ford Road, St. Louis, MO 63116

This St. Louis property for sale is located at 3725 Morgan Ford Road. The general use of Morganford Plaza Apartments is multi-family and it incorporates 45,276 square feet of class B multi-family space. The current listed sale price for Morganford Plaza Apartments is $3,250,000.

Contacts

broker

Garen Lafser

Salient Realty Group

(314) 451-7471

Property Details

  • Property Type Multi-Family
  • Property Size 45,276 SF
  • Units 40
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1965
  • Date Updated Apr 24, 2024
Tower Grove SouthSalient 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 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. Reach out to the brokers for more information on this opportunity.

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Highlights

  • Up to $200 Rent Increases with Cosmetic Updates
  • New TPO Roofs, Newer HVAC, Copper Plumbing Stacks
  • 24, 1 Bed Units | 16, 2 Bed Units
  • Ample Parking
  • Billboard Paying $2,000 Annually
  • Assumable Debt Available!

Attachments

Getting around

  • 68/100

    Walk Score ®

  • 39/100

    Transit Score ®

  • 64/100

    Bike Score ®

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Location

  • City St. Louis, MO
  • Neighborhood Tower Grove South
  • Zip Code 63116
  • Market St Louis

Points of Interest

  • Shrewsbury-Lansdowne I-44

    3.00 miles

  • Cortex

    3.02 miles

  • Grand

    3.06 miles

  • Central West End

    3.09 miles

  • Red Rocks Station

    3.22 miles

  • River's Edge Station

    3.32 miles

  • 4D Theater Stop

    3.36 miles

  • Sunnen

    3.76 miles

  • Missouri History Museum/Forest Park

    3.87 miles

  • Union Station

    3.94 miles

  • QuikTrip

    0.39 miles

  • BP

    0.56 miles

  • QuikTrip

    0.74 miles

  • 7-Eleven

    1.03 miles

  • Phillips 66

    1.12 miles

  • BP

    1.30 miles

  • EVgo Charging Station

    1.39 miles

  • Phillips 66

    1.86 miles

  • QuikTrip

    1.90 miles

  • QuikTrip

    2.00 miles

  • Ted Drewes East Lot

    2.35 miles

  • Ted Drewes West Lot

    2.37 miles

  • 1327

    2.48 miles

  • River des Peres Greenway Trailhead

    2.60 miles

  • Chroma Apartments Garage

    2.70 miles

  • Visitor Lot

    2.79 miles

  • Tour Parking

    2.84 miles

  • Zoo Extra Parking

    2.94 miles

  • Clayton Avenue Parking Garage

    2.94 miles

  • Zoo Extra Parking

    3.05 miles

  • Red Roof Inn

    2.17 miles

  • Holiday Inn

    2.21 miles

  • Drury Inn

    2.25 miles

  • Home2 Suites by Hilton St. Louis/Forest Park

    2.77 miles

  • Holiday Inn Express St. Louis

    2.80 miles

  • Hampton

    2.82 miles

  • Hampton Inn & Suites St. Louis at Forest Park

    2.83 miles

  • Aloft by Mariott

    3.18 miles

  • Parkway Hotel

    3.27 miles

  • Element St. Louis Midtown

    3.28 miles

  • Johnny’s Food Mart

    0.08 miles

  • Family Dollar

    0.57 miles

  • ALDI

    0.72 miles

  • Local Harvest Grocery

    0.90 miles

  • World Market

    1.13 miles

  • Schnucks

    1.20 miles

  • Schnucks

    1.21 miles

  • Jay International Foods

    1.33 miles

  • Ross

    1.54 miles

  • Schnucks

    1.57 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Garen Lafser

Salient Realty Group

(314) 451-7471