$400,000

7427 S Broadway , St Louis, MO 63111

 
Bedrooms:0 beds
Bathrooms:0 baths
(None specified):14,247 sqft
Lot:0.13
Year Built:1896
Listing Status:Active

Listing Agent

Tammy K Derrigan
http://www.worthclark.com
Loan Amount:
Interest:
Term (Years):
Annual Tax:
Monthly Principal + Interest:$
Monthly tax: $
Total Payment:$

These amounts are estimates and do not take into consideration other expenses such as PMI, etc.. This is only an estimate.

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 11.91% cap rate at asking price.

Detailed Items

Other Information

7427 S Broadway, St Louis, MO, 63111 is a (none specified) listing of 14,247 sqft on a lot of 0.13. This (none specified) listing has 0 bedrooms, and 0 baths. The map for this location can be viewed on Google maps at Google maps to property7427 S Broadway, St Louis, MO
Copyright © 2025 MARIS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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