POSSIBILITIES ARE ENDLESS! Investors & serious buyers alike, take a look at this legal, 2-unit (separate meters) property where the detached, over-sized 2-car garage is also on its own meter, so it can be rented out as well. Talk about a 3-income possibility! Located in the desirable Dutchtown area, the street is lined with many multi-family properties that embodies the historic row-home vibe. This Duplex has great bones & great heart; original woodwork, stained-glass windows, hardwood flooring, and other intricate details add to the character of the home and neighborhood. Both main floor (owner-occupied) and second floor (vacant) units hosts a 2 bed, 1 bath, while the second floor has an added luxury; the spacious balcony right off of the living room. With some cleaning and sprucing up a bit, you can have this one tenant-ready in no time at all. Avg market rate rent: ~$950. Updated/Refreshed Comps: $180k+ Conveniently located a few blocks within I-55, 11 minutes from downtown, St. Louis, a short drive/bike ride to Cherokee Street Arts & Nightlife District, and within 10 minutes from Carondelet Park. There’s also a 78-unit, mixed-use development underway, right down the street; bringing in an increase of convenience, property value, and business to the neighborhood! You don’t want to let this one slip away!
Offering approximately 1,240 square feet of living space, this property presents an opportunity for investors or buyers looking to bring new life to a home with character. Featuring bathrooms on both the main and second floors, a small fenced backyard, and a distinctive stone structure, this property has potential for someone with vision and renovation plans. The home will require significant work and is being offered as an opportunity to customize and restore.
MOTIVATED SELLER. Unlock instant equity in historic Carondelet! This full-brick home offers over 2,100 sq. ft. of living space with the most expensive major systems already updated. Ideal for investors using BRRRR / value-add strategies or owner-occupants leveraging FHA 203(k) or renovation loans. Completed 2024 Renovations: - Major Upgrades: updated roof, updated plumbing, modern electrical panel, and updated outlets throughout. - Modern Kitchen & Baths: Fully revamped kitchen and 2 updated full bathrooms. - Finishes: Durable luxury vinyl plank (LVP) flooring throughout. - Key Features: Large living room, large primary walk-in closet, and off-street parking for 2 vehicles. Finish & Gain Equity: The major heavy lifting is complete, finish up the HVAC and drywall to make it your own or get it market-ready. A comparable, fully finished home nearby recently closed for $247,999, leaving substantial margin for equity growth. Location Highlights: Minutes from I-55, Carondelet Park, and Loughborough Commons shopping center. Property sold AS-IS. Buyer to verify all information and obtain independent bids.
