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

Listings displaying the MARIS logo are courtesy of the participants of MO - Mid America Regional Information Systems (MARIS) Internet Data Exchange. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Maria Elias Real Estate Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

©2023 All rights reserved.

 

Powered byLuxury Presence