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.
Listings displaying the MARIS logo are courtesy of the participants of Mid America Regional Information Systems Internet Data Exchange. Information From Third Parties, Deemed Reliable But Not Verified