$1,025,000
$1,025,000
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6419 Alamo AVE St Louis, MO 63105
4,188 SqFt
Key Details
Sold Price $1,025,000
Property Type Multi-Family
Sub Type Multi-Family 2-4
Listing Status Sold
Purchase Type For Sale
Square Footage 4,188 sqft
Price per Sqft $244
Subdivision Hi Pointe
MLS Listing ID 22031106
Sold Date 07/01/22
Construction Status 102
Year Built 1920
Building Age 102
Lot Size 5,401 Sqft
Acres 0.124
Lot Dimensions 135 x 40
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!
Location
State MO
County St Louis
Area Clayton
Interior
Heating Forced Air
Cooling Electric
Fireplace N
Appliance Some Dishwasher(s), Some Refrigerator(s), Some Range Oven(s), Some Smoke Alarm(s)
Building
Sewer Public Sewer
Water Public
Structure Type Brick
Construction Status 102
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 Harrison Gross