Incredibly rare investment opportunity in Clayton! Multifamily properties hardly ever come available in this area, much less ones that have been completely updated. This four-unit, 4,864 SF building underwent a full gut rehab in 2018, with updates to plumbing, electrical, HVAC, roof, windows, and cosmetic features. This is a perfect opportunity for an owner/occupant or a savvy investor seeking a turnkey property in a prime location, right down the street from SSM St. Mary's Hospital, the DeMun Neighborhood, Schnucks, and many other wonderful neighborhood amenities. The property also has an 8 space parking lot behind the building - another very rare feature! In-place rents are below market for the area - currently: $1,580, $1,495, $1,500, & $1,595. Market rents for the area are approximately $1,975/mo for updated two bedroom units.
The median home value in Clayton, MO is $805,000. This is higher than the county median home value of $184,100. The national median home value is $219,700. The average price of homes sold in Clayton, MO is $805,000. Approximately 52.88% of Clayton homes are owned, compared to 37.7% rented, while 9.42% are vacant. Clayton real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Clayton real estate agent to arrange a tour today!
Clayton, Missouri has a population of 16,214. Clayton is more family-centric than the surrounding county with 38.52% of the households containing married families with children. The county average for households married with children is 29.23%.
The median household income in Clayton, Missouri is $91,531. The median household income for the surrounding county is $62,931 compared to the national median of $57,652. The median age of people living in Clayton is 31.2 years.
The average high temperature in July is 89.1 degrees, with an average low temperature in January of 23.8 degrees. The average rainfall is approximately 42.4 inches per year, with 17.7 inches of snow per year.