Rock Island Realty

Apartment Style

3725-41 Morganford Road

St Louis, MO 63116

MLS#: 26066809

$3,400,000

Status: Active
Listing number: 26066809
Listing provided by: CBRE
Listing agent phone: None
Last update: 6 days ago
On site: 6 days ago
Browse Properties
Becks Tholozan Add - Residential Income

Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1965

Sq.Footage

29,600

Morganford Plaza Apartments is a 40-unit, garden-style multifamily community located in the highly desirable Tower Grove South neighborhood of South St. Louis. Situated on approximately 1.02 acres across five buildings, this 29,600-square-foot property was originally constructed in 1965 and substantially renovated in 2016. Recent capital improvements include newer TPO roofing systems, updated HVAC components, electrical panel upgrades, and replacement copper plumbing stacks, providing investors with a well-maintained asset and reducing near-term capital expenditure needs. The Property offers a compelling value-add opportunity through continued interior unit renovations and strategic revenue growth initiatives while benefiting from established occupancy and strong underlying rental demand. Residents enjoy convenient access to Kingshighway Boulevard, Hampton Avenue, Chippewa Street, major transportation routes, employment centers, shopping, dining, and recreational amenities, including nearby Tower Grove Park. Morganford Plaza represents a rare opportunity to acquire a well-positioned South City multifamily asset with a proven operating history, significant recent capital investment, and long-term upside in one of St. Louis' most sought-after rental submarkets. Property is being offered free and clear of existing financing.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Basement YN

    YES

  • Cooling YN

    YES

  • Cooling

    Central Air

  • Fireplace YN

    NO

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Brick

  • Parking

    Off Street

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    1.02

  • Lot Size(square feet)

    44,431

  • Property Type

    Residential Income

  • Property Sub Type

    Multi Family

  • Architectural Style

    Apartment Style

Price

  • Sales Price

    $3,400,000

  • Financing Options

    Cash, Conventional

  • Sq. Footage

    29,600

  • Price/SqFt

    $114

HOA

  • Association

    No

School District

  • Elementary School

    Oak Hill Elem.

  • Middle School

    Long Middle Community Ed. Center

  • High School

    Roosevelt High

Property Features

  • New Construction

    NO

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Location

County

St Louis City

Elementary School

Oak Hill Elem.

Middle School

Long Middle Community Ed. Center

High School

Roosevelt High

Listing Courtesy of Matt Bukhshtaber, CBRE

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Agent Owen Shotkoski

Agent

Owen Shotkoski

Call Owen today to schedule a private showing.

(402) 658-3116

owen@homeatthelake.com


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Morganford Plaza Apartments is a 40-unit, garden-style multifamily community located in the highly desirable Tower Grove South neighborhood of South St. Louis. Situated on approximately 1.02 acres across five buildings, this 29,600-square-foot property was originally constructed in 1965 and substantially renovated in 2016. Recent capital improvements include newer TPO roofing systems, updated HVAC components, electrical panel upgrades, and replacement copper plumbing stacks, providing investors with a well-maintained asset and reducing near-term capital expenditure needs. The Property offers a compelling value-add opportunity through continued interior unit renovations and strategic revenue growth initiatives while benefiting from established occupancy and strong underlying rental demand. Residents enjoy convenient access to Kingshighway Boulevard, Hampton Avenue, Chippewa Street, major transportation routes, employment centers, shopping, dining, and recreational amenities, including nearby Tower Grove Park. Morganford Plaza represents a rare opportunity to acquire a well-positioned South City multifamily asset with a proven operating history, significant recent capital investment, and long-term upside in one of St. Louis' most sought-after rental submarkets. Property is being offered free and clear of existing financing.

3725-41 Morganford Road

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