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Realty Executives St. Louis
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Courtesy of: Harold Hanstein, Cardinal Realty Group, hal@cardinalrealtygroup.com
Courtesy of: Harold Hanstein, Cardinal Realty Group, hal@cardinalrealtygroup.com
$365,000
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4,006 square feet
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Built in 1906
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Lot: 0.07 acre
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1423 Hodiamont Avenue This is a free-standing mixed-use mercantile and apartment building located in a quiet residential area of Hamilton Heights. The property encompasses approximately 4, 006 square feet and sits 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. Location: City, Corner Location
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