- For Sale $365,000
- Property Type Mixed Use
- Property Size 4,006 SF
- Lot Size 0.07 Acre
- Cap Rate % 9.66
- Rental Income / YR $44,340.00
- NOI / YR $35,272.00
- Taxes / YR $2,908.00
- Zoning F-Neighborhood Commercial
- # of Floors 2
- Average Floor Size 2,003 SF
- Property Tenancy Multi-Tenant
- Year Built 1906
- Date Updated Jun 2, 2025
- Visibility/Traffic Count (VPD) 1,952
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 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
False
Contacts
Cardinal Realty Group
CCIM
Location
Located at 1423 Hodiamont Ave, Saint Louis, MO 63112, this property is part of the Hamilton Heights neighborhood and St Louis market.
Cardinal Realty Group
CCIM
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