Multi-Family for Sale: 7351 Lindell Boulevard, St Louis, MO 63130
$3,995,000
$3,995,000
7351 Lindell Boulevard,
St Louis, MO 63130
$3,995,000
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Price:
$3,995,000
Est. payment: Skip to Mortgage Calculator
Type Multi-Family
Lot Size 0.29 acres
Year Built 1931
Taxes Paid $24,112
City St Louis
County St Louis
School District University City
Subdivision West Forsyth Place
MLS 23049144
Status Active
DOM 20 days
GENERATIONAL TROPHY ASSET steps from downtown Clayton (1584ft from the Ritz Carlton), this 22 unit property at the corner of Forsyth/ Lindell has been fully renovated & updated throughout. Brand new kitchens with quartz or granite, tiled bathrooms, central heating/ cooling, IN-UNIT LAUNDRY, stainless steel appliances, new windows, electric, plumbing... this turn key property has already had all the hard work done & it looks beautiful. The rents have not been raised since the renovation was completed 5+ years ago... Once you raise rents to market rate, the proforma income is $400,000+ every year. This property is extremely popular among Washington University students- possibility of leasing by the bedroom for even more income. Tenants can walk to downtown Clayton, Napoli + endless other restaurants & shopping (great walkability). Increase NOI by charging for parking + charging for storage lockers in basement. Seller currently operates 4 units as a short-term-rental that perform well.
Lot & Building Features
Cooling Electric
Heat Source Gas
Heating Forced Air
Parking Description On Street, Parking Lot
Sewer Public Sewer
Tax Year 2022
Water Public
Lot Dimensions 100*114 ft
Community and Schools
Elementary School Flynn Park Elem.
Junior High School Brittany Woods
Senior High School University City Sr. High
Price History of 7351 Lindell Boulevard, St Louis, MO
Date | Name | Price | Difference |
---|---|---|---|
08/23/2023 | Listing Price | $3,995,000 | N/A |
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed. |
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