7427 Broadway

About this property

Established in 1757, the French settlement of Carondelet has a rich and impressive history and overlooks the Mississippi River. This 2-bldg. package features 8 apartments and 3 commercial units that are currently connected. The latter features a large open area with a smaller warehouse in the rear w/garage door opening into the parking lot. Apartments are mix of 6 studios and 2 1-bed units. Window AC & boiler heat included w/rent (Unit C is being switched to mini split). Gas water heaters, PVC stacks. Parking in rear & on-street Roofs/gutters new '16. 7425 S. Broadway: 1-story, built in 1936, 2,774 sf. 7427-29 S. Broadway: 3-stories, built in 1896, 11,473 sf. 14,247 sf total. Nearby are restaurants like Stacked STL, a grocery store, independent businesses like Perennial Artisan Ales microbrewery, plus parks, River City Casino, and I-55. Commercial units were recently vacated. There are four units rented at 800, 800, 650, and 625, with two more slated to move in September '26 at 825 and 750...after which there are two residential vacancies. See supplements for rental property verification. Property is ready for you to add value and bring it back to its full potential.