3704 Greenwood BlvdMaplewood, MO 63143

Property Details for 3704 Greenwood Blvd

Year built

1971

Property type

Multifamily properties

Description

This exceptional investment opportunity presents the Greenwood Apartments, a 24-unit multifamily property located at 3704 Greenwood in Maplewood, Missouri. Priced at $1,895,000, this property offers significant upside potential for qualified investors. The complex comprises twenty-four one-bedroom, one-bathroom units. Currently, rents are below market value, with an average potential increase of $193 per unit. Fifteen of the twenty-four units have already undergone renovations, including new flooring and bathroom updates. This provides a strong foundation for continued improvement and increased profitability. The remaining nine units present an opportunity to complete renovations and potentially add in-unit laundry facilities, further enhancing rental income and attracting higher-quality tenants. The property's location in Maplewood, Missouri, offers a desirable residential setting with strong potential for rental demand. This is a compelling investment opportunity for those seeking a multifamily property with immediate cash flow and substantial long-term growth prospects. The property is being offered as-is. Financial statements and further details are available upon request.

Location Insight

City

Maplewood

County

St Louis

State

Missouri

Latitude

38.6041

Longitude

-90.3241

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