Homes for sale - 8440 N Broadway N, St Louis, MO 63147

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Kevin Grooms

kevintgrooms@gmail.com +1(417) 280-6571

$ 750,000

Est. payment | -/mo

9,632 SqFt

Save

$ 750,000

Est. payment | -/mo

Save

9,632 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 9,632 sqft

Price per Sqft $77

Subdivision Hornsby Addition

MLS Listing ID 25016792

Style Low/1-2

Year Built 1964

Annual Tax Amount $7,210

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 $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.

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

View Y/N No

Building

Sewer Public Sewer

Water Public

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

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(417) 280-6571

kevintgrooms@gmail.com

PO BOX 92, Thayer, Missouri, 65791, USA

8440 N Broadway N St Louis, MO 63147