$420,000
( $29.00Per Sq Foot )
 $2,255 forsale estimated payment Sourced by Back At You

7427 S Broadway , St Louis, MO 63111

St Louis, MO 63111

Sharewithfriend

PreviousNext

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.

Details

Mls24069123
Listing TypeFor Sale
StyleAttachd
SubtypeResale
StatusActive
Year1896
Days On Site35
Listing Provided ByWorth Clark Realty | Tammy Derrigan

Features

Sq Feet14,247
Units10
Acreage0.13

Market Activity 63111

 Listings courtesy of Maris MLS as distributed by MLS GRID. 

Based on information submitted to the MLS GRID as of December 8, 2024 at 2:09:14 AM PST All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.

“The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

Request A Showing

Request A Showing

Loading Form
Listings Checked: 1 hour ago

Contact

Learn More About This Property

StateMO
CountySt Louis City
CitySt Louis
Zip Code63111
AreaSouth City
Community NameEilers
School DistrictRoosevelt High
Elementary SchoolWoerner Elem.
Middle SchoolLyon-Blow Middle
High SchoolRoosevelt High
Listing VS Median (in Eilers)
Price:
$420,000
low | high
Med:
$277,500
83.928571428571% of Average
SqFt:
14,247
low | high
Med:
8,557
89.941742121148% of Average
$ / SqFt:
$29
low | high
Med:
$38
20.10828930316% of Average
On Site:
35
low | high
Med:
71.500000
48.951048951049% of Average
Sourced by Back At You
Listing Updated: December 3, 2024 at 6:46:12 PM PST
Real Estate Links Our Domains