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7425-7429 S Broadway
Saint Louis, MO 63111
Multifamily Property For Sale
·
11 Units
Investment Highlights
- Mixed-use property featuring eight apartment units and three commercial units
- Located near Interstate 55, local businesses, parks, and riverfront amenities
- Value-add opportunity
- Prominent South Broadway frontage offers visibility and neighborhood accessibility
- Located in the historic Carondelet neighborhood with access to Interstate 55
- Commercial units may be suitable for conversion to apartments
Executive Summary
Established in 1757, the French settlement of Carondelet has a rich and impressive history and overlooks the Mississippi River. This 2-bldg. package features 8 apartments and 3 commercial units that are currently connected. The latter features a large open area with a smaller warehouse in the rear w/garage door opening into the parking lot. Apartments are mix of 6 studios and 2 1-bed units. Window AC & boiler heat included w/rent. Gas water heaters, PVC stacks. Parking in rear & on-street Roofs/gutters new '16. 7425 S. Broadway: 1-story, built in 1936, 2,774 sf. 7427-29 S. Broadway: 3-stories, built in 1896, 11,473 sf. 14,247 sf total. Nearby are restaurants like Stacked STL, a grocery store, independent businesses like Perennial Artisan Ales microbrewery, plus parks, River City Casino, and I-55. Commercial units were recently vacated. There are four units rented at 800, 800, 650, and 625. There are four residential vacancies, one of which is rent ready. See supplements for rental property verification. Property is ready for you to add value and bring it back to its full potential.
Property Facts
| Price Per Unit | $31,818 | Lot Size | 0.13 AC |
| Sale Type | Investment | Building Size | 14,247 SF |
| No. Units | 11 | Average Occupancy | 36% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built/Renovated | 1896/2016 |
| Apartment Style | Low-Rise | Parking Ratio | 0.28/1,000 SF |
| Building Class | C | Opportunity Zone |
Yes
|
| Zoning | F - Neighborhood Commercial District | ||
| Price Per Unit | $31,818 |
| Sale Type | Investment |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 14,247 SF |
| Average Occupancy | 36% |
| No. Stories | 3 |
| Year Built/Renovated | 1896/2016 |
| Parking Ratio | 0.28/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | F - Neighborhood Commercial District |
Amenities
Unit Amenities
- Air Conditioning
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | - |
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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