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$400,000
Est. payment /mo
14,247 SqFt
UPDATED:
Key Details
Property Type Multi-Family, Commercial
Sub Type Multi-Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 14,247 sqft
Price per Sqft $28
Subdivision Eilers
MLS Listing ID MAR24069123
Year Built 1896
Annual Tax Amount $2,002
Lot Size 5,767 Sqft
Acres 0.1324
Lot Dimensions see tax records
Property Sub-Type Multi-Family 5+
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 11.91% 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.
Exterior
View Y/N No
Building
Sewer Public Sewer
Water Public
Structure Type Brick
Schools
Elementary Schools Woerner Elem.
Middle Schools Lyon-Blow Middle
High Schools Roosevelt High
School District St. Louis City
Others
Ownership Private
Special Listing Condition None
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Listed by Worth Clark Realty
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