MO > St Louis > Eilers
St Louis, MO 63111,7427 S Broadway
St Louis, MO 63111,7427 S Broadway
St Louis, MO 63111,7427 S Broadway
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$420,000
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14,247 SqFt
Active

7427 S Broadway St Louis, MO 63111

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Amanda Alejandro

Amanda Alejandro

Realty Shop

+1(636) 544-2288

UPDATED:

12/04/2024 12:39 AM

Key Details

Property Type Multi-Family

Sub Type Multi-Family 5+

Listing Status Active

Purchase Type For Sale

Square Footage 14,247 sqft

Price per Sqft $29

Subdivision Eilers

MLS Listing ID 24069123

Construction Status 128

Year Built 1896

Building Age 128

Lot Size 5,767 Sqft

Acres 0.1324

Lot Dimensions see tax records

Property 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.

Location

State MO

County St Louis City

Area South City

Interior

Heating Hot Water

Cooling Window Unit(s)

Fireplace N

Laundry No Laundry Facil.

Building

Sewer Public Sewer

Water Public

Structure Type Brick

Construction Status 128

Schools

Elementary Schools Woerner Elem.

Middle Schools Lyon-Blow Middle

High Schools Roosevelt High

School District St. Louis City

Others

Ownership Private

Acceptable Financing Cash Only, Conventional, Exchange, Private

Listing Terms Cash Only, Conventional, Exchange, Private

Special Listing Condition None

Listed by Tammy Derrigan • Worth Clark Realty

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Amanda Alejandro

+1(636) 544-2288

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