Rock Island Realty

6419 Alamo Avenue

St Louis, MO 63105

MLS#: 22031106

$1,025,000

Status: Closed
Listing number: 22031106
Listing provided by: Evan Kuhn, Broker
Listing agent phone: None
Last update: N/A
On site: N/A
Browse Properties
Hi Pointe - Residential Income

Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1920

Sq.Footage

4,188

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!

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Above Grade Finished Area

    4188.0

  • Basement YN

    NO

  • Cooling YN

    YES

  • Cooling

    Central Air, Electric

  • Fireplace YN

    NO

  • Heating YN

    YES

  • Heating

    Forced Air, Natural Gas

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Brick

  • Parking

    Off Street

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.124

  • Property Type

    Residential Income

  • Property Sub Type

    Multi Family

Price

  • Sales Price

    $1,025,000

  • Tax Amount

    $9,276

  • Sq. Footage

    4, 188

  • Price/SqFt

    $244

HOA

  • Association

    No

School District

  • Elementary School

    Ralph M. Captain Elem.

  • Middle School

    Wydown Middle

  • High School

    Clayton High

Property Features

  • Ownership

    Private

  • Sewer

    Public Sewer

  • Water Source

    Public

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Location

County

St. Louis-MO

Elementary School

Ralph M. Captain Elem.

Middle School

Wydown Middle

High School

Clayton High

Listing Courtesy of Evan A Kuhn , Evan Kuhn, Broker

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(573) 480-8130

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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!

6419 Alamo Avenue

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