3704 Greenwood Blvd

24-Unit Multifamily Opportunity in Premier Maplewood, Missouri (St. Louis MSA)

Highlights

Established 24-unit multifamily property in the heart of Maplewood in the St. Louis MSA

Excellent 1-mile demographics: Average Household Income of $107,316 and Average Home Value of $333,351

Nine of the units are in classic or near classic condition, allowing new ownership to continue upgrades to increase rents

Opportunity to add washers and dryers to increase rents

All one-bedroom units

Historically strong occupancy - currently 100%

Short distance to Clayton CBD and Washington University, with more than 16,000 students and 4,670 faculty

Located in the top rated Maplewood-Richmond Heights School District; ranked #13 out of 467 Missouri public school districts

One mile to I-44, less than four miles to the Clayton CBD and ten miles to downtown St. Louis

Maplewood offers a variety of shopping and dining experiences, from local boutiques to a diverse culinary scene

Offered below replacement cost

Overview

CBRE is pleased to announce the exclusive listing of Greenwood Apartments (the “Property”), a 24 unit multifamily asset located in Maplewood, a suburb in the St. Louis MSA. 

The Property features 24 one-bedroom units in one three-story building. The property has strong historical occupancy and is currently 100% occupied. Significant value-add potential exists, as nine of the units are in classic or near-classic condition, providing new ownership with the immediate opportunity to implement upgrades and subsequently increase rents.

Greenwood Apartments is offered on a free-and-clear basis.

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Location Description

Greenwood Apartments is located in the city of Maplewood, just off Big Bend Road and less than one mile from the I-44 and Shrewsbury Avenue Interchange. Maplewood is a family-friendly suburban community situated four miles from Clayton and ten miles southwest of Downtown St. Louis.