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    5705 S Broadway

    St Louis, MO 63111
    • $995,000
    • STATUS: Active Under Contract
    • ON SITE: 97 days
    • ID#: 20021240
    Under Contract
    UPDATED: 64 min ago
    $995,000
    • 0
      BEDS
    • 0.94
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1926
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:

    Description

    Castle-looking structure overlooking the park and the Mississippi River. The unique architectural style gives a royal appearance especially sitting high upon a hill. Balconies afford a sunrise view facing east. 24 units with a mix of 1-bedroom+ and studios with interesting floor plans and more than normal closet / storage space for their size. Rents average around $550 per month. Garages provide additional rental income. Enter the Off-street parking lot from Pennsylvania Street up to the small back yard area. This under-performing investment has been improved immensely and is posed to turn a profit. Big upside potential now. There was a pipe break which put 3 units out of service & the owner has a pending claim for the damage of $40,000 which could be assigned to the buyer. Priced at a 7.78 Cap rate. A Proforma is an attached document to this listing.

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    Listing information © 2020 Mid America Regional Information Systems, Inc. Information from third parties deemed reliable but not verified. Data last update 2020-07-11T15:49:05.893.

    The Becky O'Neill Power Home Selling Team | RE/MAX RESULTS: 314-394-5499
    www.beckyoneill.com/homes/104835132
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    5705 S Broadway St Louis, MO 63111

    • Price: $995,000
    • Status: Active Under Contract
    • Updated: 64 min ago
    • ID#: 20021240
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.94
    Acres
    1926
    Built
    Neighborhood:
    Eilers Surv/Carondelet
    County:
    St Louis City
    Area:
    South City
    Elementary School:
    Woodward Elem.
    Middle School:
    Lyon-Blow Middle
    High School:
    Roosevelt High
    School District:
    St. Louis City
    Property Description
    Castle-looking structure overlooking the park and the Mississippi River. The unique architectural style gives a royal appearance especially sitting high upon a hill. Balconies afford a sunrise view facing east. 24 units with a mix of 1-bedroom+ and studios with interesting floor plans and more than normal closet / storage space for their size. Rents average around $550 per month. Garages provide additional rental income. Enter the Off-street parking lot from Pennsylvania Street up to the small back yard area. This under-performing investment has been improved immensely and is posed to turn a profit. Big upside potential now. There was a pipe break which put 3 units out of service & the owner has a pending claim for the damage of $40,000 which could be assigned to the buyer. Priced at a 7.78 Cap rate. A Proforma is an attached document to this listing.
    Exterior Features

    Building Exterior Amenities Some Balc/Some TerrcOn River Front Building Style Mid-Rise 3Or4 Story Construction Brick/Stone Msn Pred Location CityCorner Location Lot Dimensions 250 +/- X 100 +/- Parking Description Parking LotUnassigned

    Interior Features

    Building Unit Info Smoke/Alarm DetectorStorage/Locker Area Cooling Central-ElectricWindow Unit(S) Heat Source Gas Heating Forced Air Interior Misc Drapes/Blinds Laundry Coin OperatedCommon Laundry Water Heater Gas

    Property Features

    Association St. Louis Association of REALTORS BLDFIN InsuranceManagementMaintenance/RepairsUtilities Cable Available Yes Conditions Unknown Contingent Info Subj. To Clos-BuyerSubj. To Clos-SellerSubject To FinancingSubject To Inspec.Continue To Show Cross Street Address Bellerive Disclosures CityHistoric RestrictionSellers Discl Not Av Gross Operating Income 122640.00 Lot Size Source County Records Net Income 82640.00 Possession At ClosingNegotiableTenants Rights Possible Buyer Fees YN No Property Type Multi-Family 5+ Sale Includes Building & Land Selling Terms CashConventionalSeller May Pay Smcls Sewer Public Special Listing Conditions None Tax Year 2019 Taxes Paid 13186 Tenancy Type LeasesSubsidized Rents Tenant Pays ElectricGas Total Expenses 40000.00 Transaction Type Sale Type Apartment ComplexApt Bldg/Interior En Water Public

    Listing provided courtesy of Re Source, Llc. Listing information © 2020 Mid America Regional Information Systems, Inc.
    Listing information © 2020 Mid America Regional Information Systems, Inc. Information from third parties deemed reliable but not verified. Data last update 2020-07-11T15:49:05.893.

    The Becky O'Neill Power Home Selling Team | RE/MAX RESULTS: 314-394-5499
     
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    The Becky O'Neill Power Home Selling Team | RE/MAX RESULTS
    13208 Manchester Road
    St. Louis MO, 63131