Byte-Sized Investment Opportunity: St Louis Daycare

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 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

Additional URLs

• https://www.stlouis-mo.gov
• https://library.municode.com/mo/st._louis/codes/code_of_ordinances?nodeId=TIT26ZO_CH26.40FNECODI
• https://www.stlouis-mo.gov/government/wards/13/index.cfm
• https://www.stlouis-mo.gov/government/departments/aldermen/representation/profile.cfm?id=1518
• https://www.stlouis-mo.gov/live-work/community/neighborhoods/hamilton-heights