7411 S BroadwaySt. Louis, Missouri63111United States
1 of 36
Listing Courtesy of St. Louis Real Estate Society Investment opportunities like this seem to be rare in the current market: turn-key (truly), attractive ROI, and good property management. There are 9 buildings in this 36-unit package: 13 one bed...
Investment opportunities like this seem to be rare in the current market: turn-key (truly), attractive ROI, and good property management. There are 9 buildings in this 36-unit package: 13 one bed units, 16 two bed units, 3 three bed units, and 4 commercial spaces. All are located within a Â¼ mile radius of one another in the Carondelet area and all underwent major renovations about 12 years ago (roof, plumbing, electrical, kitchens, baths, etc.). Due to their great condition, amenities, and layouts, these properties easily stay rented - currently fully occupied except 1 unit for showings. With current financials, this portfolio offers a nice return on investment at 6.16+% cap rate. The good news is that current rents are averaging around 5% below market rate creating an opportunity for additional income generation (and this is using conservative rent increases so perhaps there is more wiggle room). If youve been looking - THIS IS THE ONE!
Ceiling Fan, Propane Heating
Ceiling Fan(s), Electric
On Street, Other, Parking Lot, Unassigned
This St. Louis Commercial is for Sale at $3,500,000 and was built in 1899. Has .
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