Morganford Plaza Apartments 3725 Morgan Ford Road
St. Louis, MO 63116
For Sale
29,600 sqft
Sale Price
$3,400,000
Property Website
Map
Multifamily For Sale - Available Immediately
40-Unit Value-Add Multifamily Investment Opportunity in St. Louis MSA
40-unit multifamily community with 40 off-street parking spaces
Excellent in-place cash flow with occupancy at 100%
Recent capital improvements included new roofs, upgraded electrical, newer HVAC systems, updated laundry and common grounds
38% of the units are in classic or near classic condition allowing the opportunity for new ownership to continue cosmetic renovations
On-site billboard provides $2,000 revenue annually
Offered below replacement cost, providing an attractive basis and long-term appreciation potential
Delivered free and clear of existing debt, allowing flexibility in financing structure
Located in the heart of the Tower Grove South neighborhood, one of South St. Louis’ most established and sought-after residential submarkets, with convenient access to restaurants, retail, and neighborhood amenities
Strong neighborhood fundamentals and consistent demand for quality South City housing provide a solid foundation for future rent growth and appreciation
Strong workforce housing demand in South St. Louis
Get in touch
Matt Bukhshtaber
Max Barron
Kenin Halilovic
Mark Bukhshtaber
CBRE, as exclusive marketing advisor, is pleased to present the opportunity to acquire Morganford Plaza Apartments (“the Property”), a 40-unit, garden-style apartment community situated on 1.02 acres in the desirable Tower Grove South neighborhood of South St. Louis. Constructed in 1965 and renovated in 2016, the residential property includes 29,600 total square feet of rental space throughout five buildings.
Investors have a compelling opportunity to acquire Morganford Plaza Apartments, a 40-unit multifamily community located in Tower Grove South. The Property has recently undergone significant capital improvements, including newer TPO roofs, updated HVAC, electrical panel and copper plumbing stacks, providing a strong foundation for continued performance while still offering meaningful upside through further interior unit renovations.
Investors have a compelling opportunity to acquire Morganford Plaza Apartments, a 40-unit multifamily community located in Tower Grove South. The Property has recently undergone significant capital improvements, including newer TPO roofs, updated HVAC, electrical panel and copper plumbing stacks, providing a strong foundation for continued performance while still offering meaningful upside through further interior unit renovations.
Morganford Plaza presents investors with a turnkey opportunity in one of South St. Louis’ most sought-after neighborhoods. The Property benefits from convenient access to Kingshighway Boulevard, Chippewa Street, Hampton Avenue, local restaurants, shopping destinations, parks, and major transportation routes, supporting strong tenant demand and long-term rent growth potential.
Total Space Available
29,600 sqft
Sale Price
$3,400,000
Get in touch
Matt Bukhshtaber
Max Barron
Kenin Halilovic
Mark Bukhshtaber