7427 South Broadway

St. Louis, MO 63111

$420,000
Price
Beds
14,247 Sq. Ft.
$29 / Sq. Ft.
14,247
Sq. Ft.
$29
per Sq. Ft.

Description

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 2 commercial units. The latter is leased to a long-term tenant (a church) and 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 &...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 2 commercial units. The latter is leased to a long-term tenant (a church) and 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. Using a pro forma $650 for the vacant units, current income is 85,380 - operating expenses of 37,735, NOI is 47,645 – an 11.34% cap rate at asking price.
  1. Listed by Tammy Derrigan • Worth Clark Realty

Property Details for 7427 South Broadway

Cross Street
Koeln
LISTING UPDATED: 12/03/2024 06:39 PM

Property Details for 7427 South Broadway

StatusActive
MLS #24069123
Days on Market44
Taxes$2,002 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial Sale / Multi-Family 5+
Year Built1896
Lot Size0.13 AC / 5,767 SF
CountySt. Louis Independent City

Building Information for 7427 South Broadway

Stories-Residences10Year Built1896Building Size-Lot Size0.13 AC / 5,767 SF

Property Information for 7427 South Broadway

Summary
Location and General Information
  • City: St Louis
  • County Or Parish: St Louis City
  • Directions: GPS friendly.
  • Latitude: 38.548442
  • Longitude: -90.257271
  • Location: City,Corner Location
  • Neighborhood: Carondelet
  • Postal Code: 63111
  • State Or Province: MO
  • Sub division Name: Eilers
Taxes and HOA Information
  • List AOR: St. Louis Association of REALTORS
  • Association Fee: $.00
  • Association Fee Frequency: None
  • Prop Asses City Tax: 1
  • Parcel Number: 3054-00-0070-7
  • Tax Annual Amount: $2,002.00
  • Tax Legal Description: CB 3054 BROADWAY ST 41 FT 4 IN X 139 FT 6 IN MOTIER'S SUBDN LOT S-22
  • Tax Year: 2023
Owner
  • Township: St. Louis City
  • Owner Name: Could be you!
Parking
  • Attached Garage: No
  • Parking Features: On Street, Parking Lot, Unassigned
School Information
  • Elementary School: Woerner Elem.
  • High School: Roosevelt High
  • High School District: St. Louis City
  • Middle Or Junior School: Lyon-Blow Middle
Property
Lot Information
  • Lot Size Acres: 0.1324
  • Lot Size Dimensions: see tax records
  • Lot Size Source: County Records
  • Lot Size Square Feet: 5767.0
  • Property Sub Type: Multi-Family 5+
  • Builder Model: Mid-Rise 3or4 Story
  • Property Type: Commercial Sale
Property and Assessments
  • Above Grade Finished Area: 14247.0
  • Above Grade Finished Area Source: Public Records
  • Documents Count: 4
  • Photos Count: 65
  • Videos Count: 0
  • Year Built: 1896
  • Disclosures: Unknown,City,Code Compliance Reqd,Flood Plain No,Occupancy Perm Req,Sellers Discl. Avail
  • Age: 128
  • Construction Materials: Brick
  • Ownership Type: Private
Utilities
  • Sewer: Public Sewer
  • Water Source: Public
Interior and Exterior Features
Interior Features
  • Heat Source: Gas
  • Cable Available: 1
  • Cooling: Window Unit(s)
  • Heating: Hot Water
  • Heating YN: Yes
  • Laundry Features: No Laundry Facil.
Multi Family
Multi-Family Information
  • Number Of Units Total: 10
  • One Bed Unit Baths: 1 Per Unit
  • One Bed Unit Includes: Refrigerator,Range/Oven
  • Bedroom number of Units: 2
  • TYPE: Apt Bldg/Interior En
Income & Expenses
  • Net Operating Income: $47,645.00
  • Total Expenses: 37735.00
Rental
Rent Information
  • Lease Term: Leases, Month To Month
  • Sub Lease: 0
  • Tenant Pays: No Utilities
  • Efficiency Baths: 1 Full
  • Efficiency Units: 6

Property History for 7427 South Broadway

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 7427 South Broadway

This home is within St. Louis City School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - PK to 8
Public - 9 to 12
Public - 11 to 12
Rating
School
Distance
Woerner Elementary School
PublicPK to 5

Lyon At Blow Elementary School
PublicPK to 8

Roosevelt High School
Public9 to 12

Carnahan School Of The Future
Public11 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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7427 South Broadway is a multi-family home for sale in St. Louis, MO 63111. This property was listed for sale on November 4, 2024 by Worth Clark Realty, it's currently listed at $420,000. It has been on the market for a total of 44 days and was last sold on August 3, 2016. This listing's school district is St. Louis City School District. Nearby schools include Woerner Elementary School, Lyon At Blow Elementary School and Roosevelt High School. 7427 South Broadway is a 0-bed, 0-bath, 14,247 sqft multi-family home built in 1896.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Worth Clark Realty

Based on information from one of the following Multiple Listing Services: MARIS, Bagnell Dam Association of REALTORS . Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MARIS, Bagnell Dam Association of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.