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7425-7429 S Broadway
Saint Louis, MO 63111 Patch

Price Upon Request

Apartments For Sale • 14,247 SF

Property Details

Property Type Apartments
Total Building Size 14,247 SF
Lot Size 0.13 AC
Building Class C
Year Built 1896
Zoning F

38 Transit Score

81 Walk Score

                
                    Highlights
                
                                Mixed use: 3 commercial units (currently leased to a church), 8 residential units -6 studios and 2 1-bed units  
                            
                                Some off-street parking, plenty of on-street parking
                            
                                Nearby are restaurants like Stacked STL, grocery, independent businesses like Perennial Artisan Ales microbrewery, plus parks, River City Casino
                            
                                Using pro forma $650 for vacant units, current income is 85,380 - operating expenses of 37,735, NOI is 47,645 – a 11.34% cap rate at asking price

Financial Summary (Actual)

Net Operating Income: $47,645 USD (2023)

Total Expenses:

$37,735 USD

Public Transportation

Commuter Rail	Drive	Walk	Distance
Shrewsbury-Lansdowne (Shrewsbury-Lansdowne I-44 Emerson Park - St. Louis MetroLink (MetroLink))	12 min	-	5.5 mi
Sunnen (Shrewsbury-Lansdowne I-44 Emerson Park - St. Louis MetroLink (MetroLink))	16 min	-	7.1 mi
Airport	Drive	Walk	Distance
St Louis Lambert International	32 min	-	21.6 mi
Scott AFB/Midamerica St Louis	49 min	-	31.8 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	4
Type:	Surface
Included in Rent:	Yes

7425-7429 S Broadway OFF MARKET Saint Louis, MO 63111 Patch OFF MARKET