Active
7351 Lindell Boulevard
St Louis MO, 63130
$3,600,000
Active
Commercial
Built in 1931
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.
24062361
MLSⓇ ID
October 2, 2024
Listed
November 22, 2024
Updated
Map
7351 Lindell Boulevard
St Louis MO, 63130
Interior Features
Laundry Description
Prvt Laund all units
Fireplace
No
Cooling
Yes
Cooling Description
Electric
Heating
Yes
Heating Description
Forced Air
Exterior/Building Features
Lot Size
0.29 Acres
Sewer
Public Sewer
School Information
School District
University City
High School
University City Sr. High
Elementary School
Flynn Park Elem.
Other Property Details
Area Name
Central West
Taxes
$24,112
Tax Frequency
Annually
Garage
No
Parking
On Street, Parking Lot
View
No
County
St Louis
Municipality
University City
Water Source
Public
Pool
No
Courtesy of The Agency, Anthony M Klier
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