Rare opportunity to own a fully-leased 4-unit apartment in the heart of the cherished DeMun Neighborhood of Clayton. 6432 Alamo boasts sizable 2-bedroom units with separate living and dining room areas, hardwood floors throughout, new windows everywhere, and a 1-year old roof. The two 1st floor units have kitchens with stainless steel appliances, granite countertops. Clean dry basement, solid brick building, laundry hookups for all 4 units. Offered at a 6.1 Cap at market rents, this property works wonderfully for the buy-and-hold investor seeking strong, stable cash-flows from a top-notch area. Additionally, there’s tremendous upside here – with ease, this property can deliver far higher rents to an investor making upgrades. Adding Forced Heat and AC, Washer Dryers, parking, other cosmetics. In DeMun, other renovated 2-bedroom apartments with washer dryers in unit are getting $1,895/mo! Either way, at this price, it’s win-win. Will not last long – call Evan today!
Listing courtesy of Evan Kuhn, Broker. Selling Office: Berkshire Hathaway Alliance.
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