3542-46 S. Broadway, St. Louis MO 63118
$255,000 (Listed Sold)

Historic 6 family For Sale Near Anheuser Busch Brewery That Has Undergone Complete Renovation

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Features

• Unique opportunity to purchase a historic 9000+ sq ft six family
• The building is surrounded by a large open space and is just a couple of blocks from Anheuser Busch Brewery & across the street from the Lemp Brewery.
• The 2007-2008 gut rehab included all new kitchens and baths, new HVAC, plumbing, electric, roof, drywall, windows, doors, sewer, water service, gutters, deck, etc…
• Three units were just recently underwent a cosmetic rehab.
• Building features hardwood floors and updated kitchens and baths throughout.
• There are a mix of large 1 and 2 bedroom units.
• Two bedroom units have a 2 story townhouse layout that would be great for an owner occupant and range from 1400-1650 sq ft.
• In unit washer dryer hookups
• The building is completely rented.
• The building grosses $4,090 monthly and $49,080 annually
• Net annual income after expenses are $27,384 which is a 9.78% Cap Rate

Unit Breakdown

• Apt 3546A- 2 bed 1650 sq ft townhouse unit rented, rents at $750

• Apt 3544A- 2 bed 1500 sq ft townhouse unit rented $820

• Apt 3542A- 2 bed 1400 sq ft townhouse unit rented $820

• Apt 3546- 1 bed 900 sq ft rented for $575

• Apt 3544- 1 bed 825 sq ft rented for $550

• Apt 3542- 1 bed 800 sq ft rented for $575

Total: $4,090 Monthly

$49,080 Annually

Expense Breakdown

Taxes – $2,096

Insurance – $2,200

Sewer – $1,000

Water/Trash – $1,400

Avg Maintenance/Upkeep – $12,000

Management – 3,000

Total: $1,808 Monthly

$21,696 Annually

 

Asking Price $285,000

Paying buyers agents 2.5%

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Property Details:
Square Footage: 9,198 County: St. Louis City Units: 5+ Condition: Rehab Needed Occupancy: Fully Occupied Parking: On Street Parking Heating: Gas Heat Cooling: Central Electric Construction: Brick, Stone Basement: Other
Home Amenities:
  • Some Dishwashers
  • Microwaves
  • Fridge
Agent Details:
Owner / Broker: Jordan Schoen Phone: (314) 255-5117 Fax: (314) 480-7053
Contact Agent: Please use the form below to contact agent Jordan Schoen about this listing.

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