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3725-3741 Morganford Rd
Saint Louis, MO 63116 Tower Grove South

$3,495,000 USD

Apartments For Sale  •  45,276 SF

Property Details

  • Property Type Apartments
  • Total Building Size 45,276 SF
  • Lot Size 1.02 AC
  • Building Class C
  • Year Built 1965
  • Cap Rate 8.26 %
  • Zoning F
40 Transit Score
75 Walk Score

Highlights

40 Unit Apartment Complex w/ Upside
Mix of 24, 1 Bed Units | 16, 2 Bed Units
Newer TPO Roofs and HVAC Systems
Updated Electric Panels, Copper Plumbing Stacks
Ample Parking Lot
Billboard Paying $2,000 Annually

Property Flyers

Financial Summary (Actual)

Net Operating Income: $288,199 USD (2024)
Cap Rate: 8.26 %
Total Expenses: $147,441 USD

Major Tenants

Tenant SF Occupied Lease End Date
Weisman - Morganford Plaza Apartments

Amenities

  • 24 Hour Access
  • Controlled Access
  • Heating
  • Recycling
  • Kitchen
  • Refrigerator
  • Oven
  • Tub/Shower
  • Walk-Up
  • Smoke Detector

Public Transportation

Commuter RailDriveWalkDistance
Shrewsbury-Lansdowne (Shrewsbury-Lansdowne I-44 Emerson Park - St. Louis MetroLink (MetroLink)) 9 min - 3.3 mi
10 min - 3.3 mi
AirportDriveWalkDistance
St Louis Lambert International 29 min - 17.8 mi
Scott AFB/Midamerica St Louis 49 min - 29.8 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 40
Type: Surface
Included in Rent: Yes
Garen Lafser 314-451-7471 Salient Realty Group LLC
Garen Lafser 314-451-7471 Salient Realty Group LLC