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Property Description

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.

Overview

Property Status
Sold
Lot Size
0.29 Acres
MLS ID
24062361
Property Type
Commercial
Year Built
1931

Features & Amenities

Water Source
Public
Parking
On Street, Parking Lot
Heat Type
Forced Air
Air Conditioning
Electric
Sewer
Public Sewer
Elementary School
Flynn Park Elem.
Middle School
Brittany Woods
High School
University City Sr. High
School District
University City

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7351 Lindell Boulevard

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7351 Lindell Boulevard

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  • CallAnthony Klier

    License #2022012991

    (314) 517-1925
    • Generational mixed-use trophy asset in between WashU and Clayton.

      Anthony Klier

    7351 Lindell Boulevard
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