7427 S Broadway St Louis, MO 63111

14,247 Sqft
5,767 Sqft lot
0.13 Acre lot
 Print
$420,000 Est. $1,547 / mo.*
Details Directions
 Print
Status: Active
Property Type: Multi-family 5+
Year Built: 1896
Days on Website: 74

Listing courtesy of Worth Clark Realty.

Description

Established in 1757, the French settlement of Carondelet has a rich and impressive history and overlooks the Mississippi River. This 2-bldg. package features 8 apartments and 2 commercial units. The latter is leased to a long-term tenant (a church) and features a large open area with a smaller warehouse in the rear w/garage door opening into the parking lot. Apartments are mix of 6 studios and 2 1-bed units. Window AC & boiler heat included w/rent. Gas water heaters, PVC stacks. Parking in rear & on-street Roofs/gutters new '16. 7425 S. Broadway: 1-story, built in 1936, 2,774 sf. 7427-29 S. Broadway: 3-stories, built in 1896, 11,473 sf. 14,247 sf total. Nearby are restaurants like Stacked STL, a grocery store, independent businesses like Perennial Artisan Ales microbrewery, plus parks, River City Casino, and I-55. Using a pro forma $650 for the vacant units, current income is 85,380 - operating expenses of 37,735, NOI is 47,645 – an 11.34% cap rate at asking price.

Open House

Property Details and Features

  • Sub Lease: 0
  • Inclusions: Building & Land
  • Lease Term: Leases,Month To Month
  • One Bedroom Unit Includes: Refrigerator,Range/Oven
  • Price per Sq.Ft.: $29
  • Transaction Type: Sale
  • Ownership Type: Private
  • Cable Available: 1
  • Efficiency Baths: 1 Full
  • One Bedroom Unit Baths: 1 Per Unit
  • Above Grade Finished Area: 14247 Sq.Ft.
  • Above Grade Finished Area Source: Public Records
  • Construction Materials: "Brick"
  • Building Age: 128
  • Number Of Units Total: 10
  • Year Built: 1896
  • Neighborhood: Carondelet
  • Cooling: "Window Unit(s)"
  • Disclosures: "Unknown", "City", "Code Compliance Reqd", "Flood Plain No", "Occupancy Perm Req", "Sellers Discl. Avail"
  • Heating: "Hot Water"
  • Heating Included
  • Heat Source: Gas
  • Fee: 0
  • Fee Frequency: None
  • Net Operating Income: 47645
  • Features: "No Laundry Facil."
  • Location: City,Corner Location
  • Major Area: South City
  • Parcel Number: 3054-00-0070-7
  • Subdivision Name: Eilers
  • Township: St. Louis City
  • Lot Size Acres: 0.1324
  • Lot Size Dimensions: see tax records
  • Lot Size Source: County Records
  • Lot Size Square Feet: 5767 Sq.Ft.
  • Features: "On Street", "Parking Lot", "Unassigned"
  • Possession: "Close Of Escrow"
  • 6 efficiency units
  • 2 one-bedroom units
  • Property Type: Apt Bldg/Interior En
  • Property Sub Type: Multi-Family 5+
  • Elementary School: Woerner Elem.
  • High School: Roosevelt High
  • High School District: St. Louis City
  • Middle Or Junior School: Lyon-Blow Middle
  • "Public Sewer"
  • Prop Asses City Tax: 1
  • Annual Tax Amount: 2002
  • Tax Legal Description: CB 3054 BROADWAY ST 41 FT 4 IN X 139 FT 6 IN MOTIER'S SUBDN LOT S-22
  • Tax Year: 2023
  • Tenant Pays: "No Utilities"
  • Water Source: "Public"

Location

$420,000 - 7427 S Broadway, St Louis, MO 63111
7427 S Broadway St Louis, MO 63111
Location: City,Corner Location

Street View

Market Trends for 63111, St Louis, MO

Nearby Schools

Recent Sales in the Area

Similar Properties Nearby