8440 N Broadway N new Save Request In-Person Tour Request Virtual Tour
St Louis,MO 63147
Key Details
Property Type Multi-Family
Sub Type 5 Family or More
Listing Status Active
Purchase Type For Sale
Square Footage 9,632 sqft
Price per Sqft $77
Subdivision Hornsby Addition
MLS Listing ID MIS25016792
Year Built 1964
Lot Size 0.557 Acres
Property Sub-Type 5 Family or More
Property Description
*Offer in hand; offers due 5/5 at 2PM* All 18 units in 2 buildings occupied, generating excellent cashflow - 2024 NOI was $122,133. Plus, there is an opportunity to make this 18-unit into a 24-unit! The (4) 4-bed / 2 ba units could easily be reconverted back into (8) 2-bed units + 2 units could be recreated in LL to make 24 units, as originally designed. Gated complex w/ parking. New roofs on both buildings. New sewer lateral line. Units have already been renovated but could be made even nicer for higher rents. There was a small fire a couple years ago that affected 2 units; both have been fully remedied and renovated. Contractor bids for ~ $450,000 to add storage lockers & 2 coin laundry rooms (in each building) in LL to increase cashflow, completely remodel units [this part could easily be deferred], update some mechanicals, convert all 4-beds back to 2-beds & add 2 units in LL. Slam dunk on cashflow. Owner selling due to living out of state. Tenants pay utilities, except trash.
Location
State MO
County St Louis City-mo
Area 5 - North
Interior
Heating Forced Air,Electric
Cooling Central Air,Electric,Window Unit(s)
Laundry Common Area,Washer Hookup
Exterior
Exterior Feature Balcony
Parking Features false
Building
Sewer Public Sewer
Water Public
Structure Type Brick,Brick Veneer,Stone Veneer
Schools
Elementary Schools Herzog Elem.
Middle Schools Yeatman-Liddell Middle School
High Schools Vashon High
School District St. Louis City
Others
Special Listing Condition Standard