2823 Meadowlark AVE St Louis, MO 63136
2 Beds
1 Bath
999 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 999 sqft
Price per Sqft $74
Subdivision Ben Avis Park
MLS Listing ID 26036063
Style Other,Traditional
Bedrooms 2
Full Baths 1
Year Built 1951
Annual Tax Amount $1,500
Lot Size 8,751 Sqft
Acres 0.2009
Property Sub-Type Single Family Residence
Property Description
Seller is acting as Power of Attorney for an inherited four-home portfolio and would prefer 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. An excellent opportunity for a first-time investor or a seasoned operator looking to add a manageable rental portfolio in the area.
Property to be sold along with:
258 Becker Dr - MLS# 26036458
8838 Park Ln - MLS# 26036203
1277 Admiral Dr - MLS# 26036113
Location
State MO
County St. Louis
Area 16 - Jennings
Rooms
Basement None
Main Level Bedrooms 2
Interior
Heating Forced Air
Cooling Central Air
Fireplace N
Exterior
Parking Features false
View Y/N No
Building
Lot Description Other
Story 1
Sewer Public Sewer
Water Public
Level or Stories One
Structure Type Vinyl Siding
Schools
Elementary Schools Woodland / Hanrahan
Middle Schools Jennings Jr. High
High Schools Jennings High
School District Jennings
Others
Acceptable Financing Cash, Conventional, Other
Listing Terms Cash, Conventional, Other
Special Listing Condition Standard
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