8440 N Broadway, Saint Louis, MO 63147
Local realty services provided by:CENTURY 21 Premiere Realty
8440 N Broadway,St Louis, MO 63147
$700,000
- - Beds
- - Baths
- 9,632 sq. ft.
- Multi-family
- Active
Listed by: julie carter, julie a carter
Office: worth clark realty
MLS#:25016792
Source:MO_MARIS
Price summary
- Price:$700,000
- Price per sq. ft.:$72.67
About this home
Price dropped for a quick, as-is 2025 closing! This is a turnkey, 100% occupied complex with value-add opportunity.
All 18 units in 2 turnkey buildings are occupied & generating excellent cashflow - 2024 NOI was $100,000+++. 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, with proper permits. Contractor bids for ~ $450,000 to convert back to 24-units, add storage lockers & 2 coin laundry rooms (in each building's lower level) to increase cashflow, completely remodel all units, and update some mechanicals. 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.
Offers should include:
1. Closing in 2025
2. Upfront $3,000 nonrefundable earnest money and additional $7,000 nonrefundable earnest money after satisfied Inspection Period
3. $700,000+ purchase price
Contact an agent
Home facts
- Year built:1964
- Listing ID #:25016792
- Added:30 day(s) ago
- Updated:December 17, 2025 at 03:33 AM
Rooms and interior
- Living area:9,632 sq. ft.
Heating and cooling
- Cooling:Central Air, Electric, Window Unit(s)
- Heating:Electric, Forced Air
Structure and exterior
- Year built:1964
- Building area:9,632 sq. ft.
- Lot area:0.56 Acres
Schools
- High school:Vashon High
- Middle school:Yeatman-Liddell Middle School
- Elementary school:Herzog Elem.
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$700,000
- Price per sq. ft.:$72.67
- Tax amount:$7,210 (2024)
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