3725 Morgan Ford Road St Louis, MO 63116

Incredible 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.

• General Features
  • Year Built 1965
  • Tax Year 2023
  • Tax Annual Amount $18,363
  • Property Sub Type Multi-Family 5+
  • Lease Term Leases
  • Longitude -90.264188
  • Latitude 38.591124
  • Cross Street Morgan Ford & Chippewa
  • County Or Parish St Louis City
  • Subdivision Tower Grove South
• Building Features
  • Attached Garage Y/N No
  • Above Grade Finished Area 45276
• Property Features
  • Number Of Units Total 40
  • Lot Size Dimensions 255.77 x 155.42
• Schools
  • High School Roosevelt High
  • High School District St. Louis City
  • Middle School Long Middle Community Ed. Center
  • Elementary School Oak Hill Elem.