1423-25 Hodiamont Ave, St. Louis, MO
Multi-Use for Sale - $365,000 - 4,006 Sq. Ft. on 0.07 acres
Agent Info
| Hal Hanstein Cardinal Realty Group, Inc. |
Property Info
| CIMLS# | 1175867 |
| Location 1423-25 Hodiamont Ave St. Louis MO 63112 | |
| Updated | May 8th, 2025 |
| Type | Multi-Use |
| Price | $365,000 |
| Building | 4,006 Sq. Ft. |
| Land | 0.07 acres |
Property Description
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
Financials
Income
Precious Circle of Friends-$30,000
2nd Floor Apartments-$14,340
Gross Income: $44,340
Expenses
Taxes: $2908
Property Insurance Est $2500
Maintenance $1000
Property Management Fee (6%) $2,660.00
Total Expenses: 9068
Net Income: $35,272
