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$175,000
4 Beds ⋅ 2 Baths ⋅ 26049805 MLS ⋅ ACTIVE Status
Attn Investors: this stabilized Section 8 rental offers you the opportunity to acquire a 4-bedroom home below recent neighborhood sale prices. The tenant has occupied the home since September 1, 2024 and is renewing for another year. Total monthly rent is $2,397, with $1,954 paid through Section 8 and $443 paid by the tenant. The tenant is current on payments. The home underwent an extensive renovation in 2022, when much of the interior was taken down to the studs and rebuilt from there. Improvements included a new roof, HVAC system, windows, flooring, landscaping, and fresh paint throughout. The kitchen and bathrooms were completely updated with new cabinets, countertops, vanities, and additional improvements. With strong rental income, a renewing tenant, major improvements already completed, and a list price below recent neighborhood sales, this is a strong addition to a buy-and-hold rental portfolio. Showings with an accepted contract. Property is being old as-is with seller to do no inspections or repairs.

11826 Hidden Lake Dr, St Louis