Cash Deal Opportunity: Single-Family Home in St Louis, MO 63147

Descripiton

LOCATION: 1683 Mclaran Ave St Louis, MO 63147

Value-Add Investment with High Rental Potential 

Property Details:

• Beds/Baths/Sqft: 2 beds  / 1 bath  / 1,000 sqft

• Purchase Price: $55,000  (+TC + CC)

• After Repair Value (ARV): $107,000

• Estimated Rehab Cost: Outside needs updating

• Occupancy: Vacant

Property Condition:

• Roof: 10-15 years old

• Foundation: Good condition

• HVAC: 10-15 years old

• Electrical/Plumbing: 10-15 years old

• Water Heater: 10-15 years old

Rental Income Potential:

• Long-Term Rental (LTR): Estimated at $998/month

• Mid-Term Rental (MTR): Not specified

• Short-Term Rental (STR): Estimated at $1,641/month

Comparable Sales (Comps):

1. 1706 Grape Ave, St. Louis, MO 63147 - Sold for $115,000 on August 30, 2023; 4 beds, 1 bath, 1,080 sqft

2. 8726 Park Ln, St. Louis, MO 63147 - Sold for $198,000 on October 31, 2023; 4 beds, 2 baths, 2,139 sqft

Investment Highlights:

• Value-Add Potential: Property needs some exterior updates, offering an opportunity to increase equity

• High ARV & Rental Potential: Estimated ARV of $107,000 with rental potential of $998/month for long-term tenants

• Vacant Property: Ready for occupancy or to be rented out immediately

• Seller Flexibility: Seller is motivated and looking for a quick cash transaction

Why This Deal is a Great Opportunity: This property is ideal for investors looking for a value-add rental property with high upside potential. With an ARV of $107,000 and some exterior updates needed, there is a strong opportunity for cash flow from both long-term and short-term rental income. The property is located in a rental-friendly market in St Louis, MO, offering a great addition to an investor's portfolio. Reach Out for More Details and Photos