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$ 184,900
Est. payment /mo
Active
3630 Iowa AVE St Louis, MO 63118
2,448 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 2-4 Units
Listing Status Active
Purchase Type For Sale
Square Footage 2,448 sqft
Price per Sqft $75
Subdivision Quinette Add
MLS Listing ID 26036212
Style Other
Year Built 1911
Annual Tax Amount $1,794
Lot Size 4,316 Sqft
Acres 0.0991
Property Sub-Type 2-4 Units
Property Description
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 $184,900, 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. *virtually staged.*
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. *virtually staged.*
Location
State MO
County St Louis City
Area 2 - Central East
Interior
Heating Forced Air
Cooling Central Air
Fireplace N
Exterior
Parking Features false
View Y/N No
Building
Structure Type Brick
Schools
Elementary Schools Monroe Elem.
Middle Schools Long Middle Community Ed. Center
High Schools Roosevelt High
School District St. Louis City
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
Listed by Paul Melchior • DRG - Delhougne Realty Group
NEARBY SCHOOLS & PROPERTIES
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