Rock Island Realty

Mid-Rise 3or4 Story

5705 S Broadway

St Louis, MO 63111

MLS#: 20021240

$995,000

Status: Closed
Listing number: 20021240
Listing provided by: RE Source, LLC
Listing agent phone: None
Last update: N/A
On site: N/A
Browse Properties
Eilers Surv/Carondelet - Residential Income

Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1926

Sq.Footage

N/A

Castle-looking structure overlooking the park and the Mississippi River. The unique architectural style gives a royal appearance especially sitting high upon a hill. Balconies afford a sunrise view facing east. 24 units with a mix of 1-bedroom+ and studios with interesting floor plans and more than normal closet / storage space for their size. Rents average around $550 per month. Garages provide additional rental income. Enter the Off-street parking lot from Pennsylvania Street up to the small back yard area. This under-performing investment has been improved immensely and is posed to turn a profit. Big upside potential now. There was a pipe break which put 3 units out of service & the owner has a pending claim for the damage of $40,000 which could be assigned to the buyer. Priced at a 7.78 Cap rate. A Proforma is an attached document to this listing.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Basement YN

    NO

  • Cooling YN

    YES

  • Cooling

    Central Air, Electric, Window Unit(s)

  • Fireplace YN

    NO

  • Heating YN

    YES

  • Heating

    Forced Air, Natural Gas

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Brick

  • Other Exterior Features

    Balcony

  • Parking

    Open, Parking Lot, Unassigned

  • Pool

    No

  • Waterfront YN

    YES

Area & Lot

  • Lot Features

    Waterfront

  • Lot Size(acres)

    0.937

  • Property Type

    Residential Income

  • Property Sub Type

    Multi Family

  • Architectural Style

    Mid-Rise 3or4 Story

Price

  • Sales Price

    $995,000

  • Tax Amount

    $13,186

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    Woodward Elem.

  • Middle School

    Lyon-Blow Middle

  • High School

    Roosevelt High

Property Features

  • Sewer

    Public Sewer

  • Water Source

    Public

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Location

County

St Louis City-MO

Elementary School

Woodward Elem.

Middle School

Lyon-Blow Middle

High School

Roosevelt High

Listing Courtesy of Jaymes Dearing , RE Source, LLC

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(573) 480-8130

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Castle-looking structure overlooking the park and the Mississippi River. The unique architectural style gives a royal appearance especially sitting high upon a hill. Balconies afford a sunrise view facing east. 24 units with a mix of 1-bedroom+ and studios with interesting floor plans and more than normal closet / storage space for their size. Rents average around $550 per month. Garages provide additional rental income. Enter the Off-street parking lot from Pennsylvania Street up to the small back yard area. This under-performing investment has been improved immensely and is posed to turn a profit. Big upside potential now. There was a pipe break which put 3 units out of service & the owner has a pending claim for the damage of $40,000 which could be assigned to the buyer. Priced at a 7.78 Cap rate. A Proforma is an attached document to this listing.

5705 S Broadway

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