6432 Alamo Avenue

    St Louis, MO 63105
    • $635,000
    • STATUS: Active Under Contract
    • ON SITE: 30 days
    • ID#: 20003350
    Under Contract
    $635,000
    • 0
      BEDS
    • 0.12
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,396
      SQFT
    • $144
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1925
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:

    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, theres 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, its win-win.Will not last long call Evan today!

    Monthly Payment Calculator

    Listing information © 2020 Mid America Regional Information Systems, Inc. Information from third parties deemed reliable but not verified. Data last update 2020-02-22T23:48:48.403.

    Clarity Street Realty: 314-963-7300
    www.claritystreetrealty.com/homes/102534848

    6432 Alamo Avenue St Louis, MO 63105

    • Price: $635,000
    • Status: Active Under Contract
    • ID#: 20003350
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.12
    Acres
    4,396
    SQFT
    $144
    $/SQFT
    1925
    Built
    Neighborhood:
    Hi Pointe
    County:
    St Louis
    Area:
    Clayton
    Elementary School:
    Ralph M. Captain Elem.
    Middle School:
    Wydown Middle
    High School:
    Clayton High
    School District:
    Clayton
    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, theres 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, its win-win.Will not last long call Evan today!
    Exterior Features

    Building Desc Apt/Interiorentrance Construction Brick/Stone Msn Pred Lot Dimensions 40 X 128 Parking Description On Street Parking

    Interior Features

    Appliances Some Some Dishwasher(S)Some Disposal(S)Some Refrigerator(S)Some Range Oven(S)Some Washer/Dryer(S) Cooling 2 Window/Wall Heat Source Gas Heating Radiator(S) Miscellaneous Laundry Facility in Water Heater Gas

    Property Features

    Association St. Louis Association of REALTORS Conditions See Seller's Discl Contingent Info Subject To Inspec. Disclosures Leases AvaliableSellers Discl. Avail Fixed Expenses InsuranceSewerTaxesWater Gross Operating Income 54492.00 Lot Size Source County Records Net Income 39019.00 Operating Expenses Fixed ExpensesLawn CareMaintenanceSnow Removal Ownership Private Possession At Closing Possible Buyer Fees YN No Property Type Multi-Family 2-4 Selling Terms CashConventionalExchange Sewer Public Special Listing Conditions None Square Footage Source County Records Tax Year 2019 Taxes Paid 7489 Tenancy Type Leases Tenant Pays ElectricGas Total Expenses 15473.00 Transaction Type Sale Type Of Units 4-Family Water Public

    Listing provided courtesy of Evan Kuhn, Broker. Listing information © 2020 Mid America Regional Information Systems, Inc.
    Listing information © 2020 Mid America Regional Information Systems, Inc. Information from third parties deemed reliable but not verified. Data last update 2020-02-22T23:48:48.403.

    Clarity Street Realty: 314-963-7300
     
    Clarity Street Realty
    1712 S. Big Bend Blvd
    St. Louis MO, 63117