Property Description

Rare opportunity to purchase a one-of-a-kind, high-end renovated four-unit property in the heart of DeMun in Clayton. All units are 2-bedrooms/1-baths, and have in-unit washers & dryers, high-grade kitchens, new electrical lighting, new windows throughout, great hardwood flooring throughout, updated electric, plumbing, central AC & forced-air heat. Ample off-street parking in the rear. Solid brick building, roof in great shape. Truly a low-maintenance trophy property! This gem features two distinct floorplans: the two east-side units boast large open-concept layouts, where one of the bedrooms is smaller, used as an office/bonus room by some tenants. And in lieu of the open concept layout, both west-side units’ bedrooms are quite sizeable, one in the front of the building and one in the rear. Tenant draw is incredible — rents keep rising in DeMun! Offered at a 5.31% Cap Rate at current rents (rented below market), 6.26% Cap Rate at market rents. MLS NOI off Pro Forma. Call today!

Ralph M. Captain Elem.
Wydown Middle
Clayton High
: Clayton
: Clayton

Residential Income For Sale

6419 Alamo Avenue, St Louis, Missouri 63105

0 Bedrooms
0 Bathrooms
0 Sqft
Visits : 14 in 84 days
Listing ID #MAR22031106
Basic Details
Property Type : Residential Income
Listing ID : MAR22031106
Price : $1,025,000
Bedrooms : 0
Rooms : 0
Bathrooms : 0
Square Footage : 0 Sqft
Year Built : 1920
Lot Area : 5,401 Sqft
Status : Closed
Agent info
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