6609 Clayton Road

Description

Incredibly rare investment opportunity in Clayton! Multifamily properties hardly ever come available in this area, much less ones that have been completely updated. This four-unit, 4,864 SF building underwent a full gut rehab in 2018, with updates to plumbing, electrical, HVAC, roof, windows, and cosmetic features. This is a perfect opportunity for an owner/occupant or a savvy investor seeking a turnkey property in a prime location, right down the street from SSM St. Mary's Hospital, the DeMun Neighborhood, Schnucks, and many other wonderful neighborhood amenities. The property also has an 8 space parking lot behind the building - another very rare feature! In-place rents are below market for the area - currently: $1,580, $1,495, $1,500, & $1,595. Market rents for the area are approximately $1,975/mo for updated two bedroom units.