1423-1425 Hodiamont Ave - Day Care Center FOR SALE


Saint Louis, MO 63112- Hamilton Heights
$365,000 USD
314-607-2928
1423-1425 Hodiamont Ave, Saint Louis, MO for Sale
$365,000 USD
Day Care Center - FOR SALE
1/6
null | Request Cap Rate

1423-1425 Hodiamont Ave
Saint Louis, MO 63112
Hamilton Heights


HIGHLIGHTS

  • • Mixed Use Building-Multi-Tenant-4006 SF
  • • Ground Floor Retail/2nd Floor 2-Bedroom Apartment (Vacant)
  • • Daycare on Ground Floor Licensed for 28 Children
  • • Many Tax Credits Available

OVERVIEW

This is a free-standing mixed-use mercantile and apartment building located in a quiet residential area of Hamilton Heights. The property spans approximately 4,006 square feet and is situated on a 3,080-square-foot lot. The ground floor is currently leased to a daycare, which utilizes the fenced-in rear yard as a playground. Precious Circle of Friends Learning, the current tenant, has been renting the property since 2022. They hold a 5-year lease that expires on February 28, 2027, paying $2,500 per month on a triple net (NNN) basis. The daycare is licensed to care for 28 children from birth to 5 years old. On the second floor, there is a two-bedroom apartment. According to Trulia, market rents for similar apartments range from $1,000 to $1,500 monthly, making this an attractive investment opportunity. Available tax incentives include: - Opportunity Zone - HUB Zone - HUD Qualifying Census Tract - Enterprise Zone - Community Economic Need Grants The property is priced to sell at $365,000.

FOR SALE DETAILS

PRICE

$365,000 USD

PRICE/SF

$91 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Bite Sized Investment Opportunity | Multi-Ten

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Day Care Center

ADD'L SUBTYPES

Convenience Store, Storefront Retail/Office, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1906

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,080 SF

ZONING

F

APN/PARCEL ID

3839-00-0096-0

ASK ABOUT THIS PROPERTY

Hal HansteinCardinal Realty GroupMore Info
314-607-2928

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Hal HansteinCardinal Realty GroupMore Info
314-607-2928

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.