Morganford Plaza Apartments

3725 Morgan Ford Road, St. Louis, MO 63116

  • For Sale $3,250,000
  • 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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Attachments

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!

Contacts

broker

Garen Lafser

Salient Realty Group

(314) 451-7471

Location

Getting Around

  • Walk Score ®

    68/100 Somewhat Walkable

  • Transit Score ®

    39/100 Some Transit

  • Bike Score ®

    64/100 Bikeable
Powered by Walk Score ®
  • 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

  • Little Caesars

    0.36 miles

  • New China

    0.38 miles

  • Steak 'n Shake

    0.41 miles

  • El Maguey Mexican Restaurant

    0.42 miles

  • Grbic

    0.45 miles

  • Hook & Reel Cajun Seafod & Bar

    0.48 miles

  • The Golden Hoosier

    0.48 miles

  • Taco Bell

    0.50 miles

  • Bosna Gold Restaurant

    0.51 miles

  • Lee's Famous Recipe Chicken

    0.52 miles

  • Oak Hill Elementary School

    0.16 miles

  • Marian Middle School

    0.70 miles

  • Long International Middle School

    0.80 miles

  • Kennard Classical Junior Academy

    0.84 miles

  • Mann Elementary School

    0.89 miles

  • Central Visual and Performing Arts High School

    0.98 miles

  • Central Visual and Performing Arts School High School;Cleveland NJROTC High School

    0.99 miles

  • Cleveland NJROTC High School

    0.99 miles

  • Fanning Middle School

    1.06 miles

  • Saint Louis Charter School

    1.06 miles

  • Gravois Childcare Learning Center

    0.92 miles

  • Castleman Corner Day Care Center

    1.77 miles

  • Mary Margaret Daycare

    2.01 miles

  • Union Preschool

    2.05 miles

  • Lambs Pride Day Care Center

    2.38 miles

  • Childgarden Early Childhood Center

    3.18 miles

  • Eternity Childcare

    4.75 miles

  • Gymboree

    5.27 miles

  • YWCA Head Start

    6.65 miles

  • A Place for Children

    8.09 miles

Frequently Asked Questions

What is the lease rate for Morganford Plaza Apartments?

Rental asking rate at Morganford Plaza Apartments is $1,625,000.00/YR.

What is the total square footage of Morganford Plaza Apartments?

Morganford Plaza Apartments totals 45,276 square feet.

When was this property built?

Morganford Plaza Apartments was built in 1965.

Looking for more in-depth information on this property?

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Contact Listing Broker

broker

Garen Lafser

Salient Realty Group

(314) 451-7471