OfferMarket

535 Paul Ave, Florissant, MO 63031, USA

$125,000

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Photos of the property

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Property Highlights

  • Size: 1,160 sqft single-family home with 3 beds, 2 baths.

  • Structure: Frame with brick veneer on slab foundation.

  • Yard: Fenced backyard.

  • Utilities: Municipal water, electric service.

  • HOA Fees: None.

Condition This property is rent-ready with only light rehab needed to maximize value. Suggested updates include:

  • Light landscaping for curb appeal.

  • New carpet throughout.

  • Reglaze pink tile in bathroom and replace master shower door.

  • Minor trim updates.

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Key Systems

  • Roof: ~10 years old (estimated).

  • HVAC: 3 years old (verified).

  • Electrical: 3 years old (verified).

  • Plumbing: 3 years old (verified).

  • Mechanical Systems: All newer and in good working order.

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Investment Highlights

  • Asking Price: $98,500

  • Repair Estimate: $17,000 (light rehab)

  • ARV: $175,000

  • Profit Spread: $59,500+ after repairs

  • Exit Strategies: Retail flip or lease-purchase.

Comparable Sales (Comps)

  • 1565 Mullanphy Rd ā€“ Sold for $181,000.

  • 1235 Flicker Dr ā€“ Sold for $170,000.

  • 1210 Flicker Dr ā€“ Sold for $167,000.

 

Additional Details

Occupancy: Vacant ā€“ lockbox on property (code available).

Closing: Flexible ā€“ currently set for 8/25/25, but seller is open to sooner.

Access: Vacant with lockbox.

Inspection Period Ends: 8/8/25.

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