7425-7429 S Broadway | Saint Louis, MO 63111
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7425-7429 S Broadway
Saint Louis, MO 63111
Multifamily Property For Sale
·
11 Units
Investment Highlights
- Mixed use: 3 commercial units (currently leased to a church), 8 residential units -6 studios and 2 1-bed units
- Nearby are restaurants like Stacked STL, grocery, independent businesses like Perennial Artisan Ales microbrewery, plus parks, River City Casino
- Some off-street parking, plenty of on-street parking
- 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
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | $657.50 | - |
Property Taxes
| Parcel Number | 3054-00-0070-7 | Improvements Assessment | $12,720 |
| Land Assessment | $4,180 | Total Assessment | $16,900 |
Property Taxes
Parcel Number
3054-00-0070-7
Land Assessment
$4,180
Improvements Assessment
$12,720
Total Assessment
$16,900
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