8440 N Broadway
St Louis, MO 63147
Listed: May 2, 2025 (11 days)
Text for showing or question.

$750,000
MLS# 25016792
Commercial Sale
Status: Under Contract

8440 N Broadway
St Louis, MO 63147

$750,000
Status: Under Contract
Text for showing or question.

Bedrooms

Beds

Bathrooms

Bath

9632

Sq Ft Above Grade

Sq Ft

0.556
Acres

MLS# 25016792

Days On Market: 11

Listed: Friday May 2, 2025 (11 days)

Times this home has been viewed: 110

Accepting backups 14 day inspect start 5/5* All 18 units in 2 buildings occupied, generating excellent cashflow - 2024 NOI was $122,133. Plus, there is an opportunity to make this 18-unit into a 24-unit! The (4) 4-bed / 2 ba units could easily be reconverted back into (8) 2-bed units + 2 units could be recreated in LL 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. Contractor bids for ~ $450,000 to add storage lockers & 2 coin laundry rooms (in each building) in LL to increase cashflow, completely remodel units [this part could easily be deferred], update some mechanicals, convert all 4-beds back to 2-beds & add 2 units in LL. Slam dunk on cashflow. Owner selling due to living out of state. Tenants pay utilities, except trash.

Property Description

Photo: 3