$3,995,000
0.29± Acres
Active
St Louis County, MO

7351 Lindell, St Louis, Missouri

MLS ID: 23049144
Status: Active
Price: $3,995,000
Acres: 0.29±
Type: Commercial
Address: 7351 Lindell
City, State: St Louis, MO
County: St Louis County
ZIP Code: 63130
Parcel Number: 18 J-12-0863
Year Built: 1931

Description

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.

Additional Information

Interior

Cooling: Electric
Heating (Yes/no): Yes
Heating: Forced Air

Exterior

Inclusions: Building & Land
Lot Size Dimensions: 100*114
Lot Size Square Feet: 12,632
Parking Features: On Street, Parking Lot
Water Source: Public

Financial/HOA/Schools

Days On Market: 87
Elementary School: Flynn Park Elem.
Middle School: Brittany Woods
High School: University City Sr. High
High School District: University City
Subdivision Name: West Forsyth Place
Tax Annual Amount: 24112

Extra Information

Disclosures: Unknown, Limited Seller Discl
Kim Nichols

Kim Nichols

Troy, Missouri

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Listed By: Anthony Klier of The Agency