Value-add 12 unit property in the heart of Tower Grove South, just a few blocks from Tower Grove Park. All 12 units are 1 bd / 1 bth. Most of the units have had some updating done to them in the last 5-10 years; including kitchen cabinets, countertops, ranges, refrigerators and some bathrooms. Most of the tenants are month to month and have lived there for awhile and the owner has always been reluctant to raise anyone's rent. So there's a big opportunity to increase overall cash flow by getting either new or existing tenants up to market rates. Call listing agent for more information.
Property Details
Property Features
Property Information:
Year Built: 1928
Listing Office:
Office Name: Platinum Realty of St. Louis,
Exterior Features
Parking Information:
Attached Garage: No
Parking: On Street
Utilities
Utilities Information:
Heating: Forced Air
Cooling: Electric
Other
Directions Information:
Directions: GPS friendly
Price Information
Listing Price Info
Price Summary:
List Price: $900,000
Tax Information:
Annual Amount: $2,516
Tax Year: 2020
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Housing Market Comparison
See how this home compares to others in Saint Louis, MO.
This property is $679.9K more than the Median Sold Price in Saint Louis, MO.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: MARIS
MLS Number: #24045679
Listing Office:
Office Name: Platinum Realty of St. Louis,
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Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
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Nearby Schools
5
/10
Oak Hill Elementary School
4300 Morganford Rd
Distance between this listing and this school0.49 miles
Public District Grades PK-5
5
/10
Mann Elementary School
4047 Juniata St
Distance between this listing and this school0.62 miles
Public District Grades PK-5
10
/10
Kennard/Classical Jr. Academy
5031 Potomac St
Distance between this listing and this school0.76 miles
Public Magnet Grades PK-5
Nearby Schools
3
/10
Eagle Tower Grove South
3716 Morganford Rd
Distance between this listing and this school0.33 miles
Public Charter Grades KG-8
5
/10
Gateway Science Academy Middle School
5049 Fyler Ave
Distance between this listing and this school0.82 miles
Public Charter Grades 6-8
5
/10
Premier Charter School
5279 Fyler Ave
Distance between this listing and this school0.95 miles
Public Charter Grades PK-8
Nearby Schools
2
/10
Central Visual/Performing Arts High School
3125 S Kingshighway Blvd
Distance between this listing and this school0.73 miles
Public Magnet Grades 9-12
6
/10
Gateway Science Academy High School
5049 Fyler Ave
Distance between this listing and this school0.82 miles
Public Charter Grades 9-12
1
/10
Roosevelt High School
3230 Hartford St
Distance between this listing and this school1.42 miles
The neighbors living near this home have an average income of $24,702. The most common annual income of people living in Saint Louis, MO is less than $35k. Most families are single, no kids. Most residents in this area have high school diploma education.
This home is located at 3449 Morganford Rd in Saint Louis, MO and zip code 63116 in the South City neighborhood. This home was built in 1928. It has been listed on Rocket Homes since July 18, 2024 and is currently priced at $900,000.
In October 2024, from all listings sold in Saint Louis, MO there were more than 98 sold above asking price, over 123 sold below and more than 60 were sold right at the asked price. The inventory of homes for sale in Saint Louis, MO between September 2024 and October 2024 increased by 9.3%. The median list price of listings available in October 2024 was $220,049, while the average time on the real estate market was 42 days.
From Rocket Homes Real Estate and based on county public records data.