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!
Lot & Building Features
Appliances:Some Dishwasher(s), Some Smoke Alarm(s), Some Refrigerator(s), Some Range Oven(s)
Parking Description:Off Street
Lot Dimensions:135 x 40 ft
Community and Schools
Elementary School:Ralph M. Captain Elem.
Junior High School:Wydown Middle
Senior High School:Clayton High
Price History of 6419 Alamo Avenue, St Louis, MO
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Listing information courtesy of: Evan Kuhn, Broker
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