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Property profile

6300 Southwood Ave Clayton, MO 63105

OFF-MARKET
Multifamily properties
Property ID
US48-3307314
View Sample
0.2 ac lot Built 1922

Property summary

AI-generated overview

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.

Property profile

Verified
Property type Multifamily properties
Year built 1922
Lot 0.2 ac (8,712 SF)
UPID US48-3307314

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store
  • Party Supply Store (Bike/Boat/Book/etc) Store
  • Big Box & Wholesale Store
  • Hat Shop
  • (Bike/Boat/Book/etc) Store

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

4 recent transactions · within 1.5 mi
Comparable in this city
4 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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