612 South Hanley, Clayton, MISSOURI 63105

$965,000
4,992
SqFt
List Price
$965,000
Days on Market
88
MLS#
20024521
Status
ACTIVE
Living Sq. Ft
4,992
Lot Size
7,275
Sq. Ft. Above
4,992
Acres
0.167
Year Built
1951
Age
69
Subdivision
Moorlands
Municipality
Clayton
County
St Louis
Listing Type
Multifamily

Property Description

4 unit apartment building featuring 3 bed 1.5 bath units. Each unit is 1205 square feet. Rents are approximately $1250, with new leases starting at $1500, but could be much higher with minor cosmetic renovation. Building is owned by RE developer looking to sell after project not moving forward. Nice walk to Glenridge Elementary School and steps away from Starbucks, Manhattan Cafe, I Fratellini, Protzels, and many other restaurants on Wydown. Units are in decent condition but could see tremendous increase in rents with moderate renovation. Seller owns 618 S Hanley, another 4 family next door that could be bought simultaneously. Potential long term great condo development opportunity to build in conjunction with city owned parking lot.

Additional Information

Gross Operating Income
60000
Total Expenses
$20,000
School District
Clayton
Elementary School
Glenridge Elem.
Jr. High School
Wydown Middle
Sr. High School
Clayton High
Construction
Brick/Stone Msn Pred
Parking Description
Basement/Tuck-Under, Covered, More Than 1 Spc/Unit, Off Street
Operating Expenses
Advertising, Lawn Care, Maintenance, Snow Removal
Cooling
Central-Electric
Sewer
Public
Heating
Forced Air
Water
Public
Heat Source
Gas
Price Per Sq. Ft
193.31
Taxes Paid
12280
Buyer's Agent Commission
2.5
Selling Terms
Cash

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Cornerstone Realty.

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