Rock Island Realty

3320 Greenwood Boulevard

St Louis , MO 63143

MLS#: 23034876

$985,000

Status: Closed
Listing number: 23034876
Listing provided by: The Agency
Listing agent phone: None
Last update: N/A
On site: N/A
Browse Properties
Greenwood - Residential Income

Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1968

Sq.Footage

N/A

This 12 unit apartment building in Maplewood is the investment opportunity you've been looking for! The value-add concept was already proven with unit #9 that was renovated then instantly rented for $930/m. The building currently brings in $8,435/m and if all of the units were kept as-is and brought to market rent ($785/m) then the building would bring in at least $9,565. If you fully renovate the remaining 11 units, you should bring in at least $11,160/m or $133,920 annually. Fully renovating all of the units would be a breeze as all of the 1b1b units are the same floorplan so you can just rinse & repeat. There are at least 10 parking spaces which your tenants will love (also possible additional income in the future if you charge). The 2022 expenses were $25,987. The all brick exterior & slab foundation will keep major repair expenses low. Maplewood is extremely popular among Washington University students and professionals that want to live in the county but be close to the city.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Basement YN

    NO

  • Cooling YN

    YES

  • Cooling

    Wall Unit(s)

  • Fireplace YN

    NO

  • Heating YN

    YES

  • Heating

    Electric

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Parking

    Assigned

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.21

  • Property Type

    Residential Income

  • Property Sub Type

    Multi Family

Price

  • Sales Price

    $985,000

  • Tax Amount

    $12,035

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    Mrh Elementary

  • Middle School

    Mrh Middle

  • High School

    Maplewood-Richmond Hgts. High

Property Features

  • Sewer

    Public Sewer

  • Water Source

    Public

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Location

County

St. Louis-MO

Elementary School

Mrh Elementary

Middle School

Mrh Middle

High School

Maplewood-Richmond Hgts. High

Listing Courtesy of Anthony M Klier , The Agency

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Colleen Brown

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(573) 480-8130

colleen@homeatthelake.com


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This 12 unit apartment building in Maplewood is the investment opportunity you've been looking for! The value-add concept was already proven with unit #9 that was renovated then instantly rented for $930/m. The building currently brings in $8,435/m and if all of the units were kept as-is and brought to market rent ($785/m) then the building would bring in at least $9,565. If you fully renovate the remaining 11 units, you should bring in at least $11,160/m or $133,920 annually. Fully renovating all of the units would be a breeze as all of the 1b1b units are the same floorplan so you can just rinse & repeat. There are at least 10 parking spaces which your tenants will love (also possible additional income in the future if you charge). The 2022 expenses were $25,987. The all brick exterior & slab foundation will keep major repair expenses low. Maplewood is extremely popular among Washington University students and professionals that want to live in the county but be close to the city.

3320 Greenwood Boulevard

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