7411 S Broadway
7411 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

Listing Courtesy of St. Louis Real Estate Society
$3,500,000
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Annual taxes :
$26,418
Exterior
Commercial
Property type
1899
Year Built
22069437
Web Id
22069437
MLS ID
Eilers Add
Subdivision
St. Louis City
School District
Woodward Elem.
Elementary
Lyon-Blow Middle
Middle
Roosevelt High
High
$26,418
Annual taxes

About 7411 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 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!

features

cooling
Ceiling Fan, Propane Heating

PROPERTY INFORMATION

Cooling
Ceiling Fan(s), Electric
Heating
Forced Air
Parking Description
On Street, Other, Parking Lot, Unassigned
Sewer
Public Sewer
Water
Public

EXTERIOR

Construction
Brick
This St. Louis Commercial is for Sale at $3,500,000 and was built in 1899. Has .

 

Listing Courtesy of St. Louis Real Estate Society

St. Louis Real Estate Society

Listing Courtesy of St. Louis Real Estate Society
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