Multi-Family for Sale: 7351 Lindell Boulevard, St Louis, MO 63130

$3,600,000
$3,600,000
7351 Lindell Boulevard, St Louis, MO 63130
$3,600,000
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Price:
$3,600,000
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Type Multi-Family
Lot Size 0.29 acres
Year Built 1931
Taxes Paid $24,112
City St Louis
County St Louis
School District University City
Subdivision West Forsyth Place
MLS 24062361
Status Active
DOM 51 days
Generational mixed-use trophy asset in between WashU and Clayon. Walk to the Ritz, Wash U danforth, Forest Park and tons more. This 22 unit property has been beautifully maintained on its exterior and fully gutted throughout: forced heat/central air, new plumbing piping, windows, roof, electric, kitchens, baths and WASHER DRYER IN UNIT. There are a combination of studios, 1 beds and 2 beds + 4 rented commercial tenants on the ground level. The current NOI is 241,000 and is priced to sell at north of an 6.5% Cap; the building stays 100% leased with mostly students from Wash U. Current rents are about $250 below market with a proforma NOI north of 400,000; Add some personal touches, update kitchens & baths or just cash your rent checks – this property provides perfect value for someone looking to live & invest in a Class AAA neighborhood with little risk.

Lot & Building Features

Cooling Electric
Heat Source Gas
Heating Forced Air
Parking Description On Street, Parking Lot
Sewer Public Sewer
Tax Year 2022
Water Public
Lot Dimensions 100*114 ft

Community and Schools

Elementary School Flynn Park Elem.
Junior High School Brittany Woods
Senior High School University City Sr. High

Price History of 7351 Lindell Boulevard, St Louis, MO

Date Name Price Difference
10/02/2024 Listing Price $3,600,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

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Photo of Madison Heath, Broker Salesperson
Direct: 636-359-9243
Office
304 E Main Street
Warrenton, MO 63383
636-456-1111
Listed by The Agency, Anthony Klier
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7351 Lindell Boulevard (MLS #24062361) is a multi-family listing located in St Louis, MO. This multi-family listing is on a lot of 12,632 sqft (or 0.29 acres) and is 93 years old. This property was listed on 10/02/2024 and has been priced for sale at $3,600,000.

Nearby zip codes are 63105, 63106, 63117, 63124 and 63144. This property neighbors other cities such as Clayton, Ladue, Maplewood, Richmond Heights and University City.

Maris

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Listing information courtesy of: The Agency

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