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Spacious 4-Family Cash Flowing Investment Opportunity in Tower Grove East

3231 Morganford Rd., St Louis, MO 63116
$147,475

Description

This 4-family has it all: Great curb appeal, location and solid returns. Is walking distance to tons of great destinations along Morganford as well as Tower Grove Park. Tax records have the square footage wrong, it is actually three stories and very spacious. Lower units are private single beds. Upper units have two private bedrooms with separate dining, living and kitchen with a spiral staircase to the bedrooms on the third floor. Each unit has washer and dryer hookups in the basement. Copper plumbing and circuit breakers. Three units have forced air heating, one unit has baseboard heaters. There is a spacious 4-car parking lot in back.  Put in your offers before it is too late!

One of the first floor units is currently rented by a long-term tenant at $435 and one of the second floor units is leased at $650. The two vacant units could easily fetch $450 and $650 as they are or if you upgrade rents could be much higher. The potential is there for turning the building into two townhomes.  

Detail

Updated on October 24, 2017 at 4:54 pm

  • Status: Sold
  • Property ID: 11411
  • Price: $147,475
  • Sqft: 3500
  • Lot Size: 3792 Sqft
  • Units: 4
  • Bedrooms: 6
  • Bathrooms: 4
  • Property Tax: $802
  • Property Type: Multi-Family 2-4
  • Address: 3231 Morgan Ford Road
  • City: St. Louis
  • State/county: Missouri, St. Louis City
  • Zip/Postal Code: 63116
  • Neighborhood: Tower Grove South
  • Country: United States

Contact info

Riahna Kastner
Riahna Kastner
314.332.1044
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Matt Kastner
Matt Kastner
314.332.1036
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