612 S Hanley, Clayton

$965,000

0 Beds
0 Baths
.17 Acres
0 Garages

4 unit apartment building featuring 3 bed 1.5 bath units. Each unit is 1205 square feet. Rents are approximately $1250, with new leases starting at $1500, but could be much higher with minor cosmetic renovation. Building is owned by RE developer looking to sell after project not moving forward. Nice walk to Glenridge Elementary School and steps away from Starbucks, Manhattan Cafe, I Fratellini, Protzels, and many other restaurants on Wydown. Units are in decent condition but could see tremendous increase in rents with moderate renovation. Seller owns 618 S Hanley, another 4 family next door that could be bought simultaneously. Potential long term great condo development opportunity to build in conjunction with city owned parking lot.

Essential Information
MLS® #20024521
Price$965,000
Acres0.17
Year Built1951
TypeResidential Income
Sub-TypeMulti-Family 2-4
StatusActive
Community Information
Address612 S Hanley
AreaClayton
SubdivisionMoorlands
CityClayton
CountySt Louis
StateMO
Zip Code63105
School Information
DistrictClayton
ElementaryGlenridge Elem.
MiddleWydown Middle
HighClayton High
Additional Information
Date ListedApril 17th, 2020
Days on Market46
Listing Details
OfficeCornerstone Realty
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