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Profit Potential in St. Louis! Fix & Flip or Rental Opportunity
Property Highlights
This 2-bedroom, 1-bathroom single-family home, spanning 792 sqft with frame construction and an unfinished basement, is located in the 63114 zip code of St. Louis County, MO. This area is known for its diverse neighborhoods, with the 63114 zip code encompassing parts of St. John, Overland, Vinita Park, and Breckenridge Hills. The property is serviced by municipal water, electric, and natural gas utilities, and has no HOA fees.
Condition
This property is in need of major repair, requiring significant rehab attention and all new systems. It needs pretty much everything to bring it to its full potential.
Key Systems
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Roof: 10 years old (Estimated)
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HVAC: 20 years old (Estimated)
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Electrical: 20 years old (Estimated)
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Plumbing: 10 years old (Estimated)
Investment Highlights
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Asking Price: $52,000
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After Repair Value (ARV): $165,000
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Estimated Rehab: $78,000
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Monthly Rent Potential: $1,250/month
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Valuation Insights: ARV is estimated between $160,000 - $170,000. This is a good fix and flip opportunity, also suitable for any rental portfolio. It represents a mid-level rehab with a low entry point, making it a good opportunity for investors capable of handling a full rehab.
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Comparable Sales
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8591 Ardelia Ave ā $170,000
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8640 Moran Pl ā $169,000
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8660 Belhaven Dr ā $155,000
Additional Details
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