Rock Island Realty

Traditional

8838 Park Lane

St Louis, MO 63147

MLS#: 26036203

$69,900

Status: Active
Listing number: 26036203
Listing provided by: Invest St. Louis
Listing agent phone: None
Last update: 9 hours ago
New on site 1 day ago
Browse Properties
Hills At Gateway Add - Residential

Property

Beds

2

Full Baths

1

1/2 Baths

None

Year Built

1941

Sq.Footage

1,144

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 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 1277 Admiral Dr - MLS# 26036113

Features & Amenities

Interior

  • Total Bedrooms

    2

  • Bathrooms

    1

  • Above Grade Finished Area

    1144.0

  • Basement YN

    YES

  • Cooling YN

    YES

  • Cooling

    Central Air

  • Fireplace YN

    NO

  • Heating YN

    YES

  • Heating

    Forced Air

  • Main Level Bedrooms

    2

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Brick

  • Pool

    No

Area & Lot

  • Lot Features

    Back Yard

  • Lot Size(acres)

    0.1567

  • Lot Size(square feet)

    6825.85

  • Property Type

    Residential

  • Property Sub Type

    Single Family Residence

  • Architectural Style

    Traditional

Price

  • Sales Price

    $69,900

  • Tax Amount

    $498

  • Sq. Footage

    1, 144

  • Price/SqFt

    $61

HOA

  • Association

    No

School District

  • Elementary School

    Earl Nance Sr. Elem.

  • Middle School

    Yeatman-Liddell Middle School

  • High School

    Vashon High

Property Features

  • New Construction

    NO

  • Sewer

    Public Sewer

  • Water Source

    Public

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Location

County

St Louis City

Elementary School

Earl Nance Sr. Elem.

Middle School

Yeatman-Liddell Middle School

High School

Vashon High

Listing Courtesy of Joey Schenck , Invest St. Louis

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Colleen Brown

Call Colleen today to schedule a private showing.

(573) 480-8130

colleen@homeatthelake.com


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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 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 1277 Admiral Dr - MLS# 26036113

8838 Park Lane

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