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$69,900
3 Beds ⋅ 2 Baths ⋅ 26034424 MLS ⋅ ACTIVE Status
Investor Special – Value-Add Opportunity! This solid 3-bedroom, 1-bath home offers tremendous potential for investors, rehabbers, or buyers looking to build equity. Featuring hardwood flooring throughout much of the main level, an updated kitchen, and a finished lower level, the property already has several desirable features in place and is ready for your vision and improvements. The spacious finished basement provides additional living or recreation space, while the large, fully fenced backyard offers ample room for outdoor enjoyment. Off-street parking adds everyday convenience. With strong bones, functional living space, and plenty of upside potential, this property presents an excellent opportunity for renovation, rental income, or a BRRRR strategy. Property is being sold strictly AS-IS. Seller to make no repairs, inspections, or warranties. Bring your ideas and unlock the full potential of this promising investment opportunity!

139 Grampian Rd, St Louis
$94,900
3 Beds ⋅ 1 Baths ⋅ 26020129 MLS ⋅ ACTIVE Status
245 Grampian Rd in 63137 is a great opportunity for an investor or owner occupant alike. The property is currently vacant and rent ready, with market rent projected around $1,250 per month. Located in a high demand rental area, this home should be easy to lease and offers strong flexibility for either immediate occupancy or income production. This property is part of an 8 home single family rental portfolio, and the seller would prefer to sell the portfolio together or in groups, though each home is also being offered individually. The portfolio is made up entirely of 3 bedroom houses, including six 3 bed 1 bath homes, one 3 bed 1.5 bath home, and one 3 bed 2 bath home. 6/8 houses currently occupied, with current rents totaling $8,140 per month. Once the two vacant units are leased, scheduled rents are projected to reach $10,640 per month. There is also additional upside as units turn, with pro forma rents projected to exceed $11,000 per month. Ownership and management have been hands on and proactive during their time operating the portfolio, with a focus on maintaining safe, solid housing and keeping the properties in good condition making this portfolio a true turnkey investment. Most of the tenants are Section 8, with one market rate tenant currently in place, providing stable income in a strong rental area. The properties are also located near one another, which helps from both a management and operational standpoint. This is a great opportunity for an investor looking to add quality rental doors to an existing portfolio, or for someone looking to get started with a well positioned group of income producing properties.

245 Grampian Rd, St Louis