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Listed price in listed location currency (USD).
$700,000

000

MLS® 25016792

Overview

Key Facts

Type Other
Levels Residential Income
Size 9632 sqft
Garage No
Maintenance Fees 
Taxes $7,210
Approx. Age 1964
Avg. Price Per Sqft $72
MLS® Number 25016792

Property Address: 8440 N Broadway, Saint Louis, MO, 63147-2219

Average square foot calculated using Size range provided by listing agent.

Description

Price dropped for a quick, as-is 2025 closing! This is a turnkey, 100% occupied complex with value-add opportunity. 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. Offers should include: 1. Closing in 2025 2. Upfront $3, 000 nonrefundable earnest money and additional $7, 000 nonrefundable earnest money after satisfied Inspection Period 3. $700, 000+ purchase price
MLS® Number25016792
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry LevelCommon Area, Washer Hookup
Exposure
Exterior
GarageNo
Approx. Age1964
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Building, Land

Price History

-End Date
-Sold Price

Pending

May 2, 2025List Date
$700,000List Price

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