Incredibly rare investment opportunity in Clayton! Multifamily properties hardly ever come available in this area, much less ones that have been completely updated. This four-unit, 4, 864 SFbuilding underwent a full gut rehab in 2018, with updates to plumbing, electrical, HVAC,roof, windows, and cosmetic features. This is a perfect opportunity for an owner/occupant or a savvy investor seeking a turnkey property in a prime location, right down the street from SSM St. Mary's Hospital, the DeMun Neighborhood, Schnucks, and many other wonderful neighborhood amenities. The property also has an 8 space parking lot behind the building - another very rare feature! In-place rents are below market for the area - currently: $1, 545, $1, 545, $1, 495,and$1, 500.Market rents for the area are approximately$1, 975/mo for updated two bedroom units.
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The average household income in
Clayton, MO
grew
from
$88,250
to
$91,531
in the past year. This data is an estimate based upon
5,656
households in
Clayton, MO. The chart below presents how household income is distributed in
Clayton, MO
in comparison to the revenue allocation amid households nationally.
Property Taxes
Average range: $3k+
One of the most important aspects for property owners is the amount of property taxes. This graph shows
distribution of property taxes in
Clayton, MO
compared to median property taxes around the country. The prevalent amount of property taxes in
Clayton, MO
equals
$3k+
, which is
more
than the national average.