$189,900
Turnkey, fully occupied investment opportunity! This cash-flowing duplex is 100% leased with both units rented through next summer, generating $2,140 in gross monthly rental income from day one. Whether you're looking to expand your portfolio or complete a 1031 exchange, this stabilized asset offers immediate income with no vacancy or lease-up risk. in-place rents and fixed-term leases make this an ideal addition to any investment portfolio. Recently appraised at $220,000 and offered at just $189,900, this property presents an outstanding opportunity to purchase a performing asset below its recent appraised value. Major capital improvements were completed approximately 18 months ago, including new HVAC systems (furnaces and central A/C) for both units and a new water heater. Interior updates to both units include LVP flooring, updated kitchens with new cabinetry, countertops, backsplash, stainless steel appliances, updated bathrooms with tile finishes, and modern fixtures throughout.
Additional features include rear off-street parking, durable low-maintenance brick construction, and a convenient South City location close to shopping, restaurants, parks, public transportation, and everyday amenities. located in the heart of South St. Louis with easy access to parks, shopping, dining, major highways, and downtown, it continues to attract reliable tenant demand.
If you're looking for a true turnkey rental with immediate cash flow, updated mechanicals, and built-in equity potential, 3630 Iowa Avenue is an opportunity you won't want to miss.
26036212
MLS
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ACTIVE
Status
3630 Iowa Ave, St Louis