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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 $506,967 CAD ($126.55 CAD/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 (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Taxes |
$4,039
|
$1.01
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$4,039
|
$1.01
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Taxes (CAD) | |
|---|---|
| Annual | $4,039 |
| Annual Per SF | $1.01 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $4,039 |
| Annual Per SF | $1.01 |
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
$506,967 CAD
Price Per SF
$126.55 CAD
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
- -
- $13.89 CAD
- Plus Utilities
- Feb 2027
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Circle of Friends Learning Academy | Health Care and Social Assistance | - | $13.89 CAD | Plus Utilities | Feb 2027 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 3839-00-0096-0 | Total Assessment | $37,363 CAD (2025) |
| Land Assessment | $1,389 CAD (2025) | Annual Taxes | $4,039 CAD ($1.01 CAD/SF) |
| Improvements Assessment | $35,974 CAD (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
3839-00-0096-0
Land Assessment
$1,389 CAD (2025)
Improvements Assessment
$35,974 CAD (2025)
Total Assessment
$37,363 CAD (2025)
Annual Taxes
$4,039 CAD ($1.01 CAD/SF)
Tax Year
2024
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Bite Sized Investment Opportunity | Multi-Ten | 1423-1425 Hodiamont Ave
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