Active
7351 Lindell Boulevard
St Louis MO, 63130
$3,995,000
Active
Multi-family
Built in 1931
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.
23049144
MLSⓇ ID
November 15, 2023
Updated
Map
7351 Lindell Boulevard
St Louis MO, 63130
Interior Features
Laundry Description
Prvt Laund all units
Fireplace
No
Cooling
Yes
Cooling Description
Electric
Heating
Yes
Heating Description
Forced Air
Exterior/Building Features
Lot Size
0.29 acres
Sewer
Public Sewer
Other Property Details
Taxes
$24,112
Tax Frequency
Annually
Days on Market
84
Garage
No
Parking
On Street, Parking Lot
View
No
County
St Louis
Water Source
Public
Pool
No
Buyer Agency Compensation
1.5%
Courtesy of The Agency, Anthony Klier
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