Daycare Investment Property
Investment Opportunity | Daycare | Upside Potential
Price
$365,000
Location
1423 Hodiamont Ave, St. Louis, MO 63112
Property Overview
1423 Hodiamont Ave, St. Louis, MO 63112
Price: $365,000
Free-standing mixed-use mercantile/apartment building in a quiet residential area of Hamilton Heights. The property is approximately 4006 SF situated on a 3,080 SF Lot.
The ground floor is leased to a daycare, and the fenced-in rear yard is used for a playground. The current tenant, Precious Circle of Friends Learning, has leased the property since 2022 and has a 5-year lease expiring February 28, 2027. The tenant is currently paying $2,500 a month NNN. The daycare is licensed for 28 children from birth to 5 years.
The 2nd floor has one- or two-bedroom apartment. Market rents for apartments, according to Trulia, are $1,000-$1,500 a month, making this an incredibly attractive investment opportunity that you'll want to learn more about.
Property Details
Property Name
Daycare Investment Property
Tenancy
Multi
Address
1423 Hodiamont Ave, St. Louis, MO 63112
Property Type
Mixed Use, Retail, Day Care/Nursery
Building Size
4,600 SF
Zoning
F-Neighborhood Commercial
Year Built / renovated
1906
Stories
2
Units
2
Pro-Forma NOI
$35,272
Occupancy
50%
Buildings
1
Lot SF
3,080
Pro-Forma Cap Rate
9.66%
Investment Type
Value Add
Investment & User Highlights
Mixed Use Building-Multi-Tenant-4006 SF
Ground Floor Retail/2nd Floor 2-Bedroom Apartment (Vacant)
Daycare on Ground Floor Licensed for 28 Children
Avaialable Tax incentives
· Opportunity Zone
· HUB Zone
· HUD Qualifying Census Tract
· Enterprise Zone
· Community Economic Need Grants
Video Walkthrough
Location & Access
Located at the corner of Hodiamont Ave and Ridge Ave, two blocks east of Kienlen Ave in the Hamilton Heights Neighborhood of St. Louis.
Request Property Information
Complete the form below to receive a full offering memorandum or to schedule a private tour.