6432 Alamo Avenue, St Louis, MISSOURI 63105

$620,000
4,396
SqFt
Sold Price
$620,000
List Price
$635,000
Closing Date
Mar 13, 2020
Days on Market
38
MLS#
20003350
Status
CLOSED
Living Sq. Ft
4,396
Lot Size
5,140
Sq. Ft. Above
4,396
Acres
0.118
Year Built
1925
Age
95
Subdivision
Hi Pointe
Municipality
Clayton
County
St Louis
Listing Type
Multifamily

Property Description

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!

Additional Information

Gross Operating Income
54492
Total Expenses
$15,473
School District
Clayton
Elementary School
Ralph M. Captain Elem.
Jr. High School
Wydown Middle
Sr. High School
Clayton High
Construction
Brick/Stone Msn Pred
Parking Description
On Street Parking
Operating Expenses
Fixed Expenses, Lawn Care, Maintenance, Snow Removal
Cooling
2 Window/Wall
Sewer
Public
Heating
Radiator(s)
Water
Public
Heat Source
Gas
Price Per Sq. Ft
141.04
Taxes Paid
7489
Buyer's Agent Commission
2.5
Selling Terms
Cash, Conventional, Exchange

Mortgage Calculator

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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Evan Kuhn, Broker. Selling Office: Berkshire Hathaway Alliance.

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