3704 Greenwood Blvd - Apartments FOR SALE


Maplewood, MO 63143
$1,825,000 USD
314-655-6060
3704 Greenwood Blvd, Maplewood, MO for Sale
$1,825,000 USD
Apartments - FOR SALE
1/9
null | Request Cap Rate

3704 Greenwood Blvd
Maplewood, MO 63143


HIGHLIGHTS

  • Established 24-unit multifamily property in the heart of Maplewood in the St. Louis MSA
  • Excellent 1-mile demographics: Average Household Income of $107,316 and Average Home Value of $333,351
  • Historically strong occupancy - currently 100%
  • Offered below replacement cost
  • Nine of the units are in classic or near classic condition, allowing new ownership to continue upgrades to increase rents
  • Short distance to Clayton CBD and Washington University, with more than 16,000 students and 4,670 faculty

OVERVIEW

CBRE is pleased to announce the exclusive listing of Greenwood Apartments (the “Property”), a 24 unit multifamily asset located in Maplewood, a suburb in the St. Louis MSA. The Property features 24 one-bedroom units in one three-story building. The property has strong historical occupancy and is currently 100% occupied. Significant value-add potential exists, as nine of the units are in classic or near-classic condition, providing new ownership with the immediate opportunity to implement upgrades and subsequently increase rents. Greenwood Apartments is located in the city of Maplewood, just off Big Bend Road and less than one mile from the I-44 and Shrewsbury Avenue Interchange. Maplewood is a family-friendly suburban community situated four miles from Clayton and ten miles southwest of Downtown St. Louis. Greenwood Apartments is offered on a free-and-clear basis.

FOR SALE DETAILS

PRICE

$1,825,000 USD

PRICE/SF

$127 USD /SF

# OF UNITS

24

PRICE/UNIT

$76,042

CAP RATE

Request Cap Rate

% LEASED

96%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Greenwood Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1971

PARKING SPACES

26

LAND DETAILS

LAND ACRES

0.39 AC

LAND SF

16,988 SF

ZONING

N/Av

APN/PARCEL ID

22J-53-1233

ASK ABOUT THIS PROPERTY

314-655-6060

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314-655-6060

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