Property Details for 6300 Southwood Ave

Year built

1922

Lot size

0.20 lot acres

Property type

Multifamily properties

Description

This exceptional six-unit multifamily property presents a rare investment opportunity in Clayton, Missouri's desirable DeMun neighborhood. Situated just steps from the vibrant DeMun strip, this meticulously maintained building boasts substantial size and impressive features. Each of the six units offers a generous 1700 square feet of living space, encompassing three bedrooms, one and a half bathrooms, and expansive sunrooms that can easily serve as a fourth bedroom or home office. The building has undergone significant updates, including a new TPO roof, complete tuckpointing, replacement windows, and upgraded electrical service and panels. The units feature desirable layouts with high ceilings, abundant natural light, and hardwood floors. Open kitchens seamlessly connect to dining areas, creating a spacious and inviting flow. All bedrooms are generously sized and include ample closet space. A significant advantage in this location is the ample off-street parking—a rarity in the DeMun area—provided by six spots in a rear carport. The property also includes a clean basement offering storage and laundry facilities for residents. Currently, units command rents that can be increased to the high $2,000s, with potential for mid-$3,000 rents after further renovations. Considering that most renovated Clayton apartments lease for $2+ per square foot, this property offers significant upside. A pro forma NOI calculation based on $2,395 rents is available. This exceptional property is expected to generate strong returns and will not remain on the market for long. The 0.2-acre lot provides ample space for the building and parking.

Location Insight

City

Clayton

County

St Louis

State

Missouri

Longitude

-90.30604

Latitude

38.63627