3704 Greenwood Boulevard

• Great investment opportunity in the highly desirable Maplewood submarket
• 24 units - 1 bd/1bth units
• 15/24 units have been updated
• Multiple Value add opportunities
• Currently 96% occupied
• Average rental upside of $193/unit
• Potential to add washer/dryer in unit

Property Description

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.