Investor opportunity at 8838 Park Lane. This 2-bedroom, 1-bath rental home is currently leased for $1,055/month with a month-to-month tenant in place, providing immediate income and future flexibility. Property could benefit from cosmetic updates and a light unit turn, offering upside for an investor looking to improve condition and capture… Read More stronger market rent over time. Seller is acting as Power of Attorney for an inherited four-home portfolio and prefers to sell this property together with the other three homes. The portfolio includes two occupied homes and two vacant, move-in-ready homes, with expected total portfolio income of approximately $4,900/month. The properties are located in close proximity to one another, creating operational efficiencies and making them easier to manage. This is a light value-add rental opportunity in an area with strong market-rate and Section 8 rental demand. The two vacant homes are in good condition and could likely be rented with little to no work needed, while the two occupied homes are below market rent and offer future upside through light make-readies and rent growth as leases allow. Excellent opportunity for a first-time investor or seasoned operator looking to add a manageable rental portfolio in the area. Property to be sold along with: 258 Becker Dr - MLS# 26036458 , 2823 Meadowlark Ave - MLS# 26036063 and 1277 Admiral Dr - MLS# 26036113 Read Less
Listing courtesy of Invest St. Louis, 314-325-6201
Listing Snapshot
Days Online
6
Last Updated
Property Type
Single Family Residence
Beds
2
Full Baths
1
Square Ft.
1,144
Lot Size
0.16 Acres
Year Built
1941
MLS Number
26036203
30 Days Snapshot Of 63147
$101k
-10%
(avg) sold price
9
+50%
homes sold
47
+30%
(avg) days on market
Snapshot
Area Map
Additional Details
Basement
Basement: "Full", Basement
Building
Above Grade Finished Area: 1144 Sq.Ft., Above Grade Finished Area Source: Public Records, Architectural Style: "Traditional", Below Grade Finished Area: 0 Sq.Ft., Below Grade Finished Area Source: Public Records, Construction Materials: "Brick", Levels: "One", Living Area: 1144 Sq. Ft., 5 total rooms, Year Built: 1941
Community
Neighborhood: North Pointe
Cooling
Cooling: "Central Air"
Disclosures
Disclosures: "Lead Paint"
Heating
Heating: "Forced Air"
Lot
Features: "Back Yard", Lot Size Acres: 0.1567, Lot Size Source: Public Records, Lot Size Square Feet: 6825.85 Sq.Ft.
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Listings courtesy of Mid America Regional Information Systems Data Exchange as distributed by MLS GRID, based on information submitted to the MLS GRID as of . Information is provided exclusively for consumers' personal noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may be listed or sold by various participants in the MLS, who may not be the office/agent presenting the information.
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