3704 Greenwood Maplewood, MO 63143

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$1,895,000 Est. $6,978 / mo.*
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Status: Active
Property Type: Multi-family 5+
Year Built: 1971
Days on Website: 32

Listing courtesy of Salient Realty Group, LLC.

Description

Incredible opportunity to purchase the Greenwood Apartments in Maplewood, MO to qualified investors. The property consists of 24, 1 bd/1 bth units. This opportunity has great upside potential by bringing rents to market rate and making cosmetic updates. In place rents are well below market with an average upside of $193. 15/24 units have been updated with new flooring and some updates to the bathrooms. There is potential to finish renovating the remaining units and to also incorporate in-unit laundry, which would add even higher rent potential.

Open House

Property Details and Features

  • One Bedroom Unit Baths: 1 Per Unit
  • Building Age: 53
  • Number Of Units Total: 24
  • Year Built: 1971
  • Cooling: "Wall Unit(s)"
  • Disclosures: "Unknown", "Sellers Discl Not Av"
  • Heating: "Baseboard"
  • Heating Included
  • Heat Source: Electric
  • Net Operating Income: 125207
  • Features: "No Laundry Facil."
  • Inclusions: Building & Land
  • Lease Term: Leases,Month To Month
  • One Bedroom Unit Includes: 3 Rooms or Less
  • One Bedroom Unit Rent: 683
  • Transaction Type: Sale
  • Major Area: Maplewood-Rchmnd Hts
  • Parcel Number: 22J-53-1233
  • Subdivision Name: Greenwood
  • Township: Maplewood
  • Lot Size Dimensions: 120 x 143
  • Features: "Space/Unit - 1"
  • Possession: "Close Of Escrow"
  • 24 one-bedroom units
  • Property Type: Apartment Complex
  • Property Sub Type: Multi-Family 5+
  • Elementary School: Mrh Early Childhood Center
  • High School: Maplewood-Richmond Hgts. High
  • High School District: Maplewood-Richmond Heights
  • Middle Or Junior School: Mrh Middle
  • "Public Sewer"
  • Annual Tax Amount: 16475
  • Tax Year: 2024
  • Tenant Pays: "Electricity"
  • Water Source: "Public"

Location

$1,895,000 - 3704 Greenwood, Maplewood, MO 63143
3704 Greenwood Maplewood, MO 63143
Major Area: Maplewood-Rchmnd Hts

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