612 South Hanley

Estimated Monthly Payment: $5,424/mo 612 South Hanley, Clayton, MO 63105 MLS# 20024521 Multi-Family 2-4 Listing Status: Active
4,992 sqft
75
12
0
0

REMARKS:

4 unit apartment building featuring 3 bed 1.5 bath units. Each unit is 1205 square feet. Rents are approximately $1250, with new leases starting at $1500, but could be much higher with minor cosmetic renovation. Building is owned by RE developer looking to sell after project not moving forward. Nice walk to Glenridge Elementary School and steps away from Starbucks, Manhattan Cafe, I Fratellini, Protzels, and many other restaurants on Wydown. Units are in decent condition but could see tremendous increase in rents with moderate renovation. Seller owns 618 S Hanley, another 4 family next door that could be bought simultaneously. Potential long term great condo development opportunity to build in conjunction with city owned parking lot.

OVERVIEW:

Multi-Family 2-4
Active
Just south of Wydown on S Hanley, on east side of street. Directly south of City of Clayton Parking lot located at southeast corner of Wydown and Hanley
Clayton
Moorlands
4992
7275
Brick/Stone Msn Pred
Forced Air
Gas
Central-Electric
Public
Public
1951
Basement/Tuck-Under, Covered, More Than 1 Spc/Unit, Off Street
0.17

FEATURES:

Clayton

SCHOOLS:

Glenridge Elem.
Wydown Middle
Clayton High
Clayton

FINANCIAL:

$965,000
$12,280
2019

NEIGHBORHOOD & SCHOOL INFORMATION:

Broker Reciprocity Courtesy of Cornerstone Realty

 

 

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