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Bite Sized Investment Opportunity | Multi-Ten 1423-1425 Hodiamont Ave 4,006 SF 100% Leased Retail Building Saint Louis, MO 63112 $365,000 ($91.11/SF)
Investment Highlights
- • Mixed Use Building-Multi-Tenant-4006 SF
- • Daycare on Ground Floor Licensed for 28 Children
- • Ground Floor Retail/2nd Floor 2-Bedroom Apartment (Vacant)
- • Many Tax Credits Available
Executive Summary
This is a free-standing mixed-use mercantile and apartment building located in a quiet residential area of Hamilton Heights. The property spans approximately 4,006 square feet and is situated 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.
Available tax incentives include:
- Opportunity Zone
- HUB Zone
- HUD Qualifying Census Tract
- Enterprise Zone
- Community Economic Need Grants
The property is priced to sell at $365,000.
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.
Available tax incentives include:
- Opportunity Zone
- HUB Zone
- HUD Qualifying Census Tract
- Enterprise Zone
- Community Economic Need Grants
The property is priced to sell at $365,000.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$2,908
|
$0.73
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$2,908
|
$0.73
|
Financial Summary (Actual - 2024)
| Taxes | |
|---|---|
| Annual | $2,908 |
| Annual Per SF | $0.73 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $2,908 |
| Annual Per SF | $0.73 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
4,006 SF
Building Class
C
Year Built
1906
Price
$365,000
Price Per SF
$91.11
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.30
Lot Size
0.07 AC
Opportunity Zone
Yes
Zoning
F - The purpose of the "F" Neighborhood Commercial District is to establish and preserve those commercial and professional facilities that are especially
Frontage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Circle of Friends Learning Academy
- Health Care and Social Assistance
- -
- $10.00
- Plus Utilities
- Feb 2027
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Circle of Friends Learning Academy | Health Care and Social Assistance | - | $10.00 | Plus Utilities | Feb 2027 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 3839-00-0096-0 | Total Assessment | $26,900 (2025) |
| Land Assessment | $1,000 (2025) | Annual Taxes | $2,908 ($0.73/SF) |
| Improvements Assessment | $25,900 (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
3839-00-0096-0
Land Assessment
$1,000 (2025)
Improvements Assessment
$25,900 (2025)
Total Assessment
$26,900 (2025)
Annual Taxes
$2,908 ($0.73/SF)
Tax Year
2024
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Bite Sized Investment Opportunity | Multi-Ten | 1423-1425 Hodiamont Ave
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