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    612 S Hanley

    Clayton, MO 63105
    • $965,000
    • STATUS: Active
    • ON SITE: 86 days
    • ID#: 20024521
    UPDATED: 10 min ago
    $965,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,992
      SQFT
    • $193
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1951
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:

    Description

    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.

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    Listing information © 2020 Mid America Regional Information Systems, Inc. Information from third parties deemed reliable but not verified. Data last update 2020-07-13T13:49:17.8.

    The Becky O'Neill Power Home Selling Team | RE/MAX RESULTS: 314-394-5499
    www.beckyoneill.com/homes/105128826
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    612 S Hanley Clayton, MO 63105

    • Price: $965,000
    • Status: Active
    • Updated: 10 min ago
    • ID#: 20024521
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    4,992
    SQFT
    $193
    $/SQFT
    1951
    Built
    Neighborhood:
    Moorlands
    County:
    St Louis
    Area:
    Clayton
    Elementary School:
    Glenridge Elem.
    Middle School:
    Wydown Middle
    High School:
    Clayton High
    School District:
    Clayton
    Property Description
    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.
    Exterior Features

    Building Desc Apt/Interiorentrance Construction Brick/Stone Msn Pred Lot Dimensions 65 X 112 Parking Description Basement/Tuck-UnderCoveredMore Than 1 Spc/UnitOff Street

    Interior Features

    Appliances Some Some Dishwasher(S)Some Disposal(S)Some Microwave(S)Some Refrigerator(S)Some Range Oven(S)Some Shower Bath(S)Some Smoke/Alarm Det Cooling Central-Electric Heat Source Gas Heating Forced Air Miscellaneous Laundry Facility inLaundry Facl-Commty Water Heater Gas

    Property Features

    Assoc Fee 0 Assoc Fee Paid None Association St. Louis Association of REALTORS Cable Available Yes Conditions Unknown Cross Street Address Wydown Disclosures Agent OwnedFlood Plain NoLeases AvaliableOccupancy Perm ReqSellers Discl Not Av Fixed Expenses InsuranceSewerTaxesTrash RemovalWater Gross Operating Income 60000.00 Lot Size Source County Records Net Income 40000.00 Operating Expenses AdvertisingLawn CareMaintenanceSnow Removal Ownership Private Possession At Closing Possible Buyer Fees YN No Propane Tank None Property Type Multi-Family 2-4 Selling Terms Cash Sewer Public Special Listing Conditions None Square Footage Source County Records Tax Year 2019 Taxes Paid 12280 Tenancy Type Leases Tenant Pays Cable Tv/SatelliteElectricGas Total Expenses 20000.00 Transaction Type Sale Type Of Units 4-Family Water Public

    Listing provided courtesy of Cornerstone Realty. Listing information © 2020 Mid America Regional Information Systems, Inc.
    Listing information © 2020 Mid America Regional Information Systems, Inc. Information from third parties deemed reliable but not verified. Data last update 2020-07-13T13:49:17.8.

    The Becky O'Neill Power Home Selling Team | RE/MAX RESULTS: 314-394-5499
     
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