7351 Lindell Boulevard

St Louis, MO, 63130

$3,995,000

$3,995,000
Active
Active
 - For Sale
property_type
Multi-family
calendar
Built 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.
MLS® ID:
23049144
Updated:
11/28/23
Coldwell Banker Global Luxury®
Steve & Joe Mathes
Mobile: (314) 276-1604Email: [email protected]
By providing your contact information, you acknowledge and agree to ourPrivacy Policyand consent to receiving marketing communications, including through automated calls, texts, and emails, some of which may use artificial or prerecorded voices. This consent isn’t necessary for purchasing any products or services and you may opt out at any time. To opt out from texts, you can reply, ‘stop’ at any time. To opt out from emails, you can click on the unsubscribe link in the emails. Message and data rates may apply.

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Laundry Description
Prvt Laund all units
Cooling
Electric
Heating
Forced Air

Exterior/Building Features

Lot Size
0.29 acres lot
Sewer
Public Sewer

School Information

School District
University City
High School
University City Sr. High
Middle/Jr High
Brittany Woods
Elementary School
Flynn Park Elem.

Other Property Details

Area Name
Central West
Taxes
$24112
Tax Frequency
per YEAR
Garage
No
Parking
On Street, Parking Lot
View
N
County
St Louis
Water Source
Public
Pool
No
Sub Agency Compensation
0
Buyer Agency Compensation
1.5
Transaction Broker Compensation
0

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 Steve & Joe Mathes shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

©2023 All rights reserved.

Coldwell Banker Global Luxury®
Steve & Joe Mathes
Mobile: (314) 276-1604Email: [email protected]
By providing your contact information, you acknowledge and agree to ourPrivacy Policyand consent to receiving marketing communications, including through automated calls, texts, and emails, some of which may use artificial or prerecorded voices. This consent isn’t necessary for purchasing any products or services and you may opt out at any time. To opt out from texts, you can reply, ‘stop’ at any time. To opt out from emails, you can click on the unsubscribe link in the emails. Message and data rates may apply.
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