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3704 Greenwood Blvd
Maplewood, MO 63143
Greenwood Apartments · Multifamily Property For Sale
·
24 Units
Investment Highlights
- Established 24-unit multifamily property in the heart of Maplewood in the St. Louis MSA
- Historically strong occupancy - currently 100%
- Nine of the units are in classic or near classic condition, allowing new ownership to continue upgrades to increase rents
- Excellent 1-mile demographics: Average Household Income of $107,316 and Average Home Value of $333,351
- Offered below replacement cost
- Short distance to Clayton CBD and Washington University, with more than 16,000 students and 4,670 faculty
Executive Summary
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.
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.
Property Facts
| Price Per Unit | $76,042 | Lot Size | 0.39 AC |
| Sale Type | Investment | Building Size | 14,400 SF |
| No. Units | 24 | Average Occupancy | 96% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1971 |
| Apartment Style | Low-Rise | Parking Ratio | 1.81/1,000 SF |
| Building Class | C | ||
| Zoning | N/Av | ||
| Price Per Unit | $76,042 |
| Sale Type | Investment |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.39 AC |
| Building Size | 14,400 SF |
| Average Occupancy | 96% |
| No. Stories | 3 |
| Year Built | 1971 |
| Parking Ratio | 1.81/1,000 SF |
| Zoning | N/Av |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 24 | - | 600 |
Property Taxes
| Parcel Number | 22J-53-1233 | Improvements Assessment | $192,470 |
| Land Assessment | $136,800 | Total Assessment | $329,270 |
Property Taxes
Parcel Number
22J-53-1233
Land Assessment
$136,800
Improvements Assessment
$192,470
Total Assessment
$329,270
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