Agent Photo
Erica Willert
Dielmann Sotheby's International Realty
Dielmann Sotheby's International Realty home

7401 S Broadway
7401 S Broadway St. Louis, Missouri 63111 United States

$3,500,000
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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...

St. Louis Real Estate Society

Erica Willert
  • Real Estate Professional
8301 Maryland Avenue
Suite 100 St. Louis, Missouri 63105 United States
Listing Courtesy of St. Louis Real Estate Society
$3,500,000
Annual taxes :
$26,418
Exterior
Commercial
Property type
1892
Year Built
22069947
Web Id
22069947
MLS ID
Motiers
Subdivision
St. Louis City
School District
$26,418
Annual taxes

About 7401 S Broadway

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 units, 16 two bed units, 3 three bed units, and 4 commercial spaces. All are located within a ¼ 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 condition, amenities, and layouts, these properties easily stay rented - currently fully occupied except for 1 apt for showings. With current financials, this portfolio offers a nice return on investment at 6+% 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!

features

cooling
Electric, Propane Heating

PROPERTY INFORMATION

Cooling
Electric
Heating
Forced Air
Parking Description
Other
Sewer
Public Sewer
Water
Public

EXTERIOR

Construction
Conventional
Roofing
Asphalt, Flat, Pitched
This St. Louis Commercial is for Sale at $3,500,000 and was built in 1892. Has .

 

Listing Courtesy of St. Louis Real Estate Society

St. Louis Real Estate Society

Erica Willert
  • Real Estate Professional
8301 Maryland Avenue
Suite 100 St. Louis, Missouri 63105 United States
Listing Courtesy of St. Louis Real Estate Society
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