Greenwood Apartments

Maplewood was established around the turn of the 20th century. Maplewood was one of the early suburbs of St. Louis. Located just outside the city limits, Maplewood was located at the end of one of St. Louis's streetcar lines and was also located near major railroads. Maplewood's historic charm remains largely in tact and is one of the reasons the area has become so popular. Maplewood has quickly become one of the most sought after neighborhoods in the St. Louis area and is currently being revitalized by an influx of restaurants, businesses, and shops around Manchester Ave. & Sutton Ave. Residents can find restaurants of all kinds, upscale bars, entertainment options, breweries, and much more. All of this make Maplewood extremely walkable. Maplewood is also very centrally located with quick access to major highways. It is also near major hospitals (SSM Health - St. Mary's & Barnes Jewish Hospital), and major universities (Washington University & St. Louis University).Salient Realty Group is pleased to exclusively offer the opportunity to purchase The Greenwood Apartments in Maplewood, MO to qualified investors. The property is 14,400 SF consisting of 24, 1 bed/1 bath units. The deal has great upside potential by bringing rents to market and making cosmetic updates. In place rents are well below market with an average upside of $193. 15/24 units have been updated with new flooring, kitchens. There is potential to finish renovating the remaining units and to also incorporate in-unit laundry, which would add even higher rent potential. Please reach out to the brokers for more information and to set up a tour of the property.