MO > St Louis > Hornsby Addition
St Louis, MO 63147,8440 N Broadway N
St Louis, MO 63147,8440 N Broadway N
St Louis, MO 63147,8440 N Broadway N
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$750,000
Est. payment /mo
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9,632 SqFt
Active Under Contract

8440 N Broadway N St Louis, MO 63147

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Danielle Jordan

Danielle Jordan

+1(573) 308-5933

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Key Details

Property Type Single Family Home

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 9,632 sqft

Price per Sqft $77

Subdivision Hornsby Addition

MLS Listing ID 25016792

Year Built 1964

Lot Size 0.557 Acres

Acres 0.5568

Lot Dimensions 201X121

Property Description

All 18 units in 2 turnkey buildings are occupied & generating excellent cashflow - 2024 NOI was $122,133. Plus, there is an opportunity to make this 18-unit into a 24-unit if desired! The (4) 4-bed / 2 ba units could easily be reconverted back into 8 units, plus 2 units could be recreated in the lower level 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's lower level) to increase cashflow, completely remodel units, update some mechanicals, convert (4) 4-beds back to 8 units & add 2 units in lower level. All of that could be deferred or entirely skipped. The options are endless. Slam dunk on cashflow. Owner selling due to living out of state. Landlord pays trash, water & sewer. Tenants pay power.

Location

State MO

County St Louis City

Area 5 - North

Interior

Heating Forced Air, Electric

Cooling Central Air, Electric, Window Unit(s)

Fireplace N

Appliance Electric Water Heater

Laundry Common Area, Washer Hookup

Exterior

Exterior Feature Balcony

Parking Features false

Building

Sewer Public Sewer

Water Public

Architectural Style Low/1-2

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

Ownership Private

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

Listed by Julie Carter • Worth Clark Realty

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agent

Danielle Jordan

Broker/Salesperson

+1(573) 308-5933

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