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

Listings displaying the MARIS logo are courtesy of the participants of MO - Mid America Regional Information Systems (MARIS) Internet Data Exchange. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Kim Jones shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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