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8440 N Broadway N, St Louis, MO 63147

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For Sale
Sale Pending

$750,000

9,632 sqft

Estimated Payment

$      /mo.

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $77.87
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

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. 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.
MLS# 25016792

Courtesy Of Worth Clark, Inc.

(314) 222-0065

Property Features

  • Age
    Over 50 Years Old
  • Architecture Style
    Other
  • Exterior Type
    Brick, Brick Veneer, Stone, Stone Veneer
  • Heating System
    Forced Air
  • Lot Size
    0.56 Acres

Map and Directions

Directions to 8440 N Broadway N, St Louis, MO 63147
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Home seller CENTURY 21 CopperKey Realty

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 CopperKey Realty

(636) 317-1120
Learn More About Us

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