$3,113,762
$3,600,000
13.5%For more information regarding the value of a property, please contact us for a free consultation.
7351 Lindell BLVD St Louis, MO 63130
0.29 Acres Lot
Key Details
Sold Price $3,113,762
Property Type Multi-Family
Sub Type Multi-Family 5+
Listing Status Sold
Purchase Type For Sale
Subdivision West Forsyth Place
MLS Listing ID 24062361
Year Built 1931
Building Age 94
Lot Size 0.290 Acres
Property Sub-Type Multi-Family 5+
Property Description
Generational mixed-use trophy asset in between WashU and Clayon. Walk to the Ritz, Wash U danforth, Forest Park and tons more. This 22 unit property has been beautifully maintained on its exterior and fully gutted throughout: forced heat/central air, new plumbing piping, windows, roof, electric, kitchens, baths and WASHER DRYER IN UNIT. There are a combination of studios, 1 beds and 2 beds + 4 rented commercial tenants on the ground level. The current NOI is 241,000 and is priced to sell at north of an 6.5% Cap; the building stays 100% leased with mostly students from Wash U. Current rents are about $250 below market with a proforma NOI north of 400,000; Add some personal touches, update kitchens & baths or just cash your rent checks – this property provides perfect value for someone looking to live & invest in a Class AAA neighborhood with little risk.
Location
State MO
County St Louis
Area Central West
Interior
Heating Forced Air
Cooling Electric
Laundry Prvt Laund all units
Building
Sewer Public Sewer
Water Public
Schools
Elementary Schools Flynn Park Elem.
Middle Schools Brittany Woods
High Schools University City Sr. High
School District University City
Others
Acceptable Financing Cash Only, Conventional, Exchange
Listing Terms Cash Only, Conventional, Exchange
Special Listing Condition Renovated, None
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Bought with Darwin Smith