3119 Morganford Rd, St Louis, MO 63116
- $1,650,000
- 9,000
- SqFt
- List Price
- $1,650,000
- Days on Site
- 0
- MLS#
- 26066780
- Status
- ACTIVE
- Living Sq. Ft
- 9,000
- Lot Size
- 9,374
- Acres
- 0.22
- Year Built
- 1962
- Subdivision
- Scullins Add
- Municipality
- St. Louis City
- County
- St Louis City
- Year Built
- 1962
- Listing Type
- Multifamily
Property Description
3119 Morganford Road is a 12-unit multifamily investment opportunity located in the highly desirable Tower Grove South neighborhood of St. Louis. This well-maintained property features all 1-bedroom/1-bathroom units and is currently 100% occupied, providing stable in-place cash flow from day one. Originally constructed in the 1960s, the building has been thoughtfully updated with modern finishes, including renovated units featuring stainless steel appliances, contemporary cabinetry, and in-unit washers and dryers. Residents benefit from off-street parking and immediate proximity to Tower Grove Park, neighborhood shopping, dining, public transportation, and major employment centers. Convenient access to I-44, Downtown St. Louis, and the broader metro area supports continued tenant demand. Strong occupancy history, proven South City location, and the potential for future revenue growth through strategic rent increases and operational efficiencies make this an attractive investment opportunity.
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Additional Information
- School District
- St. Louis City
- Elementary School
- Mason Elem.
- Jr. High School
- Long Middle Community Ed. Center
- Sr. High School
- Roosevelt High
- Parking Description
- Off Street
- Cooling
- Central Air
- Heating
- Electric, Forced Air
- Selling Terms
- Cash, Conventional
Listing courtesy of Matt Bukhshtaber. CBRE
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