1. Missouri
2. St Louis
3. 8440 N Broadway N

8440 N Broadway N, St Louis, MO 63147

• 9,632 sqft

Property Description

All 18 units in 2 turnkey buildings are occupied & generating excellent cashflow - 2024 NOI was $100,000+++. Plus, there is an opportunity to make this 18-unit into a 24-unit if desired! The (4) 4-bed / 2 ba units could easily be reconverted back into 8 units, plus 2 units could be recreated in the lower level to make 24 units, as originally designed. Gated complex w/ parking. New roofs on both buildings. New sewer lateral line. Units have already been renovated but could be made even nicer for higher rents. There was a small fire a couple years ago that affected 2 units; both have been fully remedied and renovated. Contractor bids for ~ $450,000 to add storage lockers & 2 coin laundry rooms (in each building's lower level) to increase cashflow, completely remodel units, update some mechanicals, convert (4) 4-beds back to 8 units & add 2 units in lower level. All of that could be deferred or entirely skipped. The options are endless. Slam dunk on cashflow. Owner selling due to living out of state. Landlord pays trash, water & sewer. Tenants pay power.

Listing Status:

Active

Date Added:

May 2, 2025 at 05:00AM

Listing Office:

Worth Clark Realty : 314-2220065

MLS ID:

25016792

Interior

• Appliances: Electric Water Heater
• Laundry: Common AreaWasher Hookup
• A/C: Central AirElectricWindow Unit(s)
• Heating: Forced AirElectric

Exterior

Construction

Location

Lot

Utilities

Financial

This listing courtesy of Worth Clark Realty