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7427 S BROADWAY SAINT LOUIS, MO 63111
- Commercial / Resale (MLS)
Property Details for 7427 S BROADWAY, SAINT LOUIS, MO 63111
Features
- Price/sqft: $29
- Lot Size: 5766 sq. ft.
- Total Units: 9
- Stories: 1
- Roof Type: Tar & Gravel
- Heating: Hot Water Heating
- Construction Type: Brick
- Exterior Walls: Brick
Facts
- Year Built: 01/01/1896
- Property ID: 938096795
- MLS Number: 24069123
- Parcel Number: 3054-00-0070-7
- Property Type: Commercial
- County: SAINT LOUIS CITY
- Legal Description: CB 3054 BROADWAY ST 41 FT 4 IN X 139 FT 6 IN MOTIERS SUBDN LOT S-22
- Zoning: F
- Listing Status: Active
Sale Type
This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.
Description
This listing is NOT a foreclosure. stablished 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 a 10.5% cap rate at asking price.
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Property Brokerage:
Worth Clark, Inc.
100 Chesterfield Bus Pkwy 2 Fl
Chesterfield
MO
63005
Copyright © 2024 MARIS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
All information provided is deemed reliable, but is not guaranteed and should be independently verified.