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This is a free-standing mixed-use mercantile and apartment building located in a quiet residential area of Hamilton Heights. The property encompasses approximately 4,006 square feet and sits 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.PROPERTY FEATURES
PROPERTY DETAILS
Street Address: 1423 Hodiamont Avenue
City: Saint Louis
State: Missouri
Postal Code: 63112
County: St. Louis City
MLS Number: MAR25021315
Courtesy of Cardinal Realty Group
City: Saint Louis
State: Missouri
Postal Code: 63112
County: St. Louis City
MLS Number: MAR25021315
Courtesy of Cardinal Realty Group
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