Investor opportunity! 2823 Meadowlark Avenue is a 2-bedroom, 1-bath single-family home in Jennings and part of a four-house rental portfolio. This property has major systems updated and is in move-in or near move-in-ready condition, offering a straightforward path to lease-up with little to no work needed. Projected rent is approximately… Read More $1,100/month. Seller is acting as Power of Attorney for an inherited four-home portfolio and would prefer 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. An excellent opportunity for a first-time investor or a seasoned operator looking to add a manageable rental portfolio in the area. Property to be sold along with: 258 Becker Dr - MLS# 26036458 8838 Park Ln - MLS# 26036203 1277 Admiral Dr - MLS# 26036113 Read Less
Listing courtesy of Invest St. Louis, 314-325-6201.
Listing Snapshot
Days Online
0
Last Updated
Property Type
Single Family Residence
Beds
2
Full Baths
1
Square Ft.
999
Lot Size
0.2 Acres
Year Built
1951
MLS Number
26036063
Additional Details
Basement
Basement: "None"
Building
Above Grade Finished Area: 999 Sq.Ft., Above Grade Finished Area Source: Public Records, Architectural Style: "Other", "Traditional", Construction Materials: "Vinyl Siding", Levels: "One", Living Area: 999 Sq. Ft., 2 total rooms, Year Built: 1951
Cooling
Cooling: "Central Air"
Disclosures
Disclosures: "None"
Heating
Heating: "Forced Air"
Lot
Features: "Other", Lot Size Acres: 0.2009, Lot Size Square Feet: 8751.2 Sq.Ft.
Property
Property Sub Type: Single Family Residence
Sewer
"Public Sewer"
Taxes
Annual Tax Amount: 1500, Tax Year: 2025
Utilities
Electricity Available: "Ameren", Water Source: "Public"
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