BEDS2
BATHS1 full
SQUARE FEET1,144
MLS#26036203
STATUSComing Soon
PROPERTY TYPEResidential - Single Family
SUBDIVISIONHills At Gateway Add
SCHOOLSt Louis City
Property Description
Investor opportunity at 8838 Park Lane. This 2-bedroom, 1-bath rental home is currently leased for $1,055/month with a month-to-month tenant in place, providing immediate income and future flexibility. Property could benefit from cosmetic updates and a light unit turn, offering upside for an investor looking to improve condition and capture stronger market rent over time.Seller is acting as Power of Attorney for an inherited four-home portfolio and prefers to sell this property together with the other three homes. The portfolio includes two occupied homes and two vacant, move-in-ready homes, with expected total portfolio income of approximately $4,900/month. The properties are located in close proximity to one another, creating operational efficiencies and making them easier to manage.This is a light value-add rental opportunity in an area with strong market-rate and Section 8 rental demand. The two vacant homes are in good condition and could likely be rented with little to no work needed, while the two occupied homes are below market rent and offer future upside through light make-readies and rent growth as leases allow. Excellent opportunity for a first-time investor or seasoned operator looking to add a manageable rental portfolio in the area.Property to be sold along with: 258 Becker Dr - MLS# 260364582823 Meadowlark Ave - MLS# 260360631277 Admiral Dr - MLS# 26036113
Property Features
Property Type: Residential - Single Family
Basement: Full
Basement: Yes
Cooling: Central Air
Heating: Forced Air
Home Style: Traditional
Lot Size: 0.16 Acres
Roof Type: Pitched/Sloped
Taxes: $498
Year Built: 1941
Feature Descriptions
Exterior: Brick
Lot: Back Yard
Parcel#: 6142-00-0100-0
Sewer: Public Sewer
SQFT. Above Grade: 1144
Utilities: Electricity Connected, Sewer Connected, Water Connected
Water: Public
Local Schools
High School: Vashon High
Middle School: Yeatman-Liddell Middle School
Elementary School: Earl Nance Sr. Elem.
School District: St Louis City
Listed By / Shown By
Listed By
Agency Name: Invest St. Louis
Shown By
Agent Name: Cathy Federer, CPA, GRI
Agent Phone: 636.675.2345
Agency Title: RedKey Realty Leaders
Estimate Your Payment
Estimated Payment
$ 442.71 per month $380.83 Principal & Interest $41.50 Property Tax $20.39 Homeowner's InsuranceChange Payment Information
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8838 Park Lane | MLS# 26036203
This single family home located at 8838 Park Lane , Saint Louis, MO 63147 is currently listed for sale with an asking price of $69,900. This property was built in 1941 and has 2 bedrooms and 1 full baths with 1144 sq. ft. Park Lane is located in the Hills At Gateway Add subdivision within the St Louis City school district. Search Hills At Gateway Add real estate on www.homesaroundstlouis.com today.