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Listed price in listed location currency (USD).
$3,595,000

000

MLS® 25080611

  • Key Facts
  • Description
  • Map

Key Facts

Type Other
Levels Residential Income
Size 30234 sqft
Garage No
Maintenance Fees 
Taxes $19,313
Days Active 0
Approx. Age 1965
Avg. Price Per Sqft $118
MLS® Number 25080611

Property Address: 3725 Morganford Rd, Saint Louis, MO, 63116-1653

Average square foot calculated using Size range provided by listing agent.

Description

Salient 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 below market rents and a proven concept of conducting cosmetic unit updates to raise rents. It's rare to find a complex of this size and quality priced under $90, 000 per unit. 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: newer TPO roofs, all newer HVAC systems, updated laundry facility, and updated common grounds. Approximately 25 units have had cosmetic updates done, leaving 15 more to do and increase rents. A billboard is also located on the property and pays $2, 000 annually. Reach out to the brokers for more information on this opportunity.
MLS® Number25080611
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry LevelInside, Laundry Room
Exposure
Exterior
GarageNo
Approx. Age1965
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Similar Listings

Price History

-End Date
Not Sold YetSold Price

For Sale

Dec 16, 2025List Date
$3,595,000List Price
  • Commute

Commute

Starting Address
Destination Address
3725 Morganford Rd, Saint Louis, MO

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