1423 Hodiamont Avenue
$365,000
1423 Hodiamont Avenue, St. Louis, MO 63112
4,006 sqft
Building Size
3,080 sqft
Lot Area
Details:
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
The property is priced to sell at $365,000.
Location
Gallery
