Residential Income in St Louis

$675,000

3659 Broadway, 63118, St Louis, MO

Residential Income for sale in St Louis, 3659 Broadway, 63118

3659 Broadway, 63118, St Louis, MO

$675,000

Type: Residential Income

Description

One-of-a-kind Investor's dream, Turnkey 9-Family + 4 Bay Unit commercial spaces in South City! Excellent cash-flowing opportunity with low maintenance. Perfect for a seasoned investor or first time investor. Cap rate is currently 8.84% and NOI is $59k. Lease-up is exceptionally strong with almost no vacancy...Unit rents vary from $790-$850 and have been gradually growing as the leases come up for renewal. Additionally a 4 bay commercial building in the front of the lot will be included in the sale. The commercial units can easily be turned into residential units for additional cashflow opportunity. Each unit has been thoughtfully updated in 2020 with new electric meters, new water heaters, brand-new electrical, plumbing, new drywall, new hybrid mini splits, ensuring low maintenance for years to come. Interiors feature new hardwood flooring, white shaker cabinets, gas stovetops, refrigerators, and laundry hookups and stackable washer/dryer in dedicated closets. The basement has individual storage lockers dedicated for each unit. All units have private rear access, with the building situated behind a commercial space for added seclusion. A true turnkey asset in a great rental market—perfect for any investor looking for strong returns and long-term stability.

Location

3659 Broadway, 63118, St Louis, MO

Data

Object TypeResidential Income
Purchase Price$675,000
Living Space0 m²
Plot Size890.31 m²
BathroomsN/A
Construction Year1910
ConditionNot specified
RoomsN/A

Energy Information

Heating TypeElectric
Primary Energy SourceN/A
Construction Year1910
Energy CertificateN/A
Final Energy DemandN/A
Certificate Valid UntilN/A
Energy Efficiency ClassN/A

Contact Agent

Listing Agent