$620,000
$635,000
2.4%For more information regarding the value of a property, please contact us for a free consultation.
6432 Alamo AVE St Louis, MO 63105
4,396 SqFt
Key Details
Sold Price $620,000
Property Type Multi-Family
Sub Type Multi-Family 2-4
Listing Status Sold
Purchase Type For Sale
Square Footage 4,396 sqft
Price per Sqft $141
Subdivision Hi Pointe
MLS Listing ID 20003350
Sold Date 03/13/20
Construction Status 95
Year Built 1925
Building Age 95
Lot Size 5,140 Sqft
Acres 0.118
Lot Dimensions 40 x 128
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!
Location
State MO
County St Louis
Area Clayton
Interior
Heating Radiator(s)
Cooling Wall/Window Unit(s)
Fireplace N
Appliance Some Dishwasher(s), Some Disposal(s), Some Refrigerator(s), Some Range Oven(s), Washer/Dryer
Building
Sewer Public Sewer
Water Public
Structure Type Brick
Construction Status 95
Schools
Elementary Schools Ralph M. Captain Elem.
Middle Schools Wydown Middle
High Schools Clayton High
School District Clayton
Others
Ownership Private
Acceptable Financing Cash Only, Conventional, Exchange
Listing Terms Cash Only, Conventional, Exchange
Special Listing Condition None
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Bought with Katherine Karasick