6419 Alamo Avenue, St Louis, MO 63105

$1,025,000
List Price
$1,025,000
Days on Market
45
MLS#
MAR22031106
Status
ACTIVE UNDER CONTRACT
Lot Size
5,401
Sq. Ft. Above
4,188
Acres
0.124
Year Built
1920
Subdivision
Hi Pointe
Municipality
Clayton
County
St Louis
Year Built
1920
Listing Type
Multifamily

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!

Additional Information

School District
Clayton
Elementary School
Ralph M. Captain Elem.
Jr. High School
Wydown Middle
Sr. High School
Clayton High
Construction
Brick
Parking Description
Off Street
Cooling
Electric
Sewer
Public Sewer
Heating
Forced Air
Water
Public
Heat Source
Gas
Price Per Sq. Ft
244.75
Taxes Paid
9276
Selling Terms
Cash Only, Conventional, Exchange
Transaction Agent Commission
2.5
Buyers Agent Commission
2.5

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Evan Kuhn, Broker.

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