8838 Park LN St Louis, MO 63147
2 Beds
1 Bath
1,144 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,144 sqft
Price per Sqft $61
Subdivision Hills At Gateway Add
MLS Listing ID 26036203
Style Traditional
Bedrooms 2
Full Baths 1
Year Built 1941
Annual Tax Amount $498
Lot Size 6,825 Sqft
Acres 0.1567
Property Sub-Type Single Family Residence
Property Description
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
Location
State MO
County St Louis City
Area 5 - North
Rooms
Basement Full
Main Level Bedrooms 2
Interior
Heating Forced Air
Cooling Central Air
Fireplace N
Exterior
Parking Features false
Utilities Available Electricity Connected, Sewer Connected, Water Connected
View Y/N No
Roof Type Pitched/Sloped
Private Pool false
Building
Lot Description Back Yard
Story 1
Sewer Public Sewer
Water Public
Level or Stories One
Structure Type Brick
Schools
Elementary Schools Earl Nance Sr. Elem.
Middle Schools Yeatman-Liddell Middle School
High Schools Vashon High
School District St. Louis City
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Listing As Is
Nearby School & Business