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.
Property Details
Property Features
Property Information:
Year Built: 1930
Listing Office:
Office Name: Salient Realty Group, LLC
Interior Features
Interior Information:
Appliances: Washer/Dryer
Exterior Features
Parking Information:
Attached Garage: No
Parking: Off Street
Lot Features
Lot Information:
Lot Size: 0.15 Acres
Utilities
Utilities Information:
Heating: Forced Air
Cooling: Electric
Other
Directions Information:
Directions: GPS is best!
Price Information
Listing Price Info
Price Summary:
List Price: $925,000
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Housing Market Comparison
See how this home compares to others in Clayton, MO.
This property is $246.5K more than the Median Sold Price in Clayton, MO.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: MARIS
MLS Number: #24021167
Listing Office:
Office Name: Salient Realty Group, LLC
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.
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We're sorry, we currently don't have sales or tax history data for this listing.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
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Nearby Schools
6
/10
Ralph M. Captain Elementary School
6345 Northwood Ave
Distance between this listing and this school0.54 miles
Public District Grades KG-5
4
/10
Dewey School-International Studies
815 Ann Ave
Distance between this listing and this school0.71 miles
Public Magnet Grades PK-5
8
/10
Glenridge Elementary School
7447 Wellington Way
Distance between this listing and this school0.84 miles
Public District Grades KG-5
Nearby Schools
7
/10
Wydown Middle School
6500 Wydown Blvd
Distance between this listing and this school0.55 miles
Public District Grades 6-8
3
/10
MRH Middle School
7539 Manchester Rd
Distance between this listing and this school1.51 miles
Public District Grades 7-8
1
/10
Compton-Drew Ilc Middle School
5130 Oakland Ave
Distance between this listing and this school2.33 miles
Public Magnet Grades 6-8
Nearby Schools
7
/10
MRH High School
7539 Manchester Rd
Distance between this listing and this school1.51 miles
Public District Grades 9-12
9
/10
Clayton High School
1 Mark Twain Cir
Distance between this listing and this school2.02 miles
Public District Grades 9-12
2
/10
University City High School
7401 Balson Ave
Distance between this listing and this school2.25 miles
The neighbors living near this home have an average income of $46,596. Most Clayton, MO residents have annual incomes between $35k-100k. The majority of families are single, no kids. Typical level of education for residents in this area is post secondary degree.
This home is located at 6609 Clayton Rd in Clayton, MO and zip code 63117 in the Mid County neighborhood. This home, which was built in 1930, sits on a 0.15 acre lot. It has been listed on Rocket Homes since April 10, 2024 and is currently priced at $925,000.
In November 2024, from all listings sold in Clayton, MO there were more than 7 sold above asking price, over 11 sold below and more than 0 were sold right at the asked price. Between October 2024 and November 2024, Clayton, MO real estate market has seen decrease in the number of listings by 16.2%. In November 2024, listings were on the market for 42 days. During the same period, the median list price in this real estate market was $678,500.
From Rocket Homes Real Estate and based on county public records data.