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About This Home

This 2-bedroom, 1-bathroom single family at 8838 Park Lane in Saint Louis, MO is listed for $69,900 ($61 per sqft). Built in 1941, the home offers 1,144 sqft of living space on a 0.16 acres lot.

Agent 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# 26036458 2823 Meadowlark Ave - MLS# 26036063 1277 Admiral Dr - MLS# 26036113

Key Features

  • Built in 1941
  • 0.16 acre lot

Property Details

1 story
1 full
1941

Amenities

Basement

Monthly Cost Estimate

$374/mo

20% down · 6.5% · 30 years

Principal$51
Interest$303
Insurance$20

Estimates only. Actual payments may vary.

Location

8838 Park Lane

Saint Louis, MO 63147

Hills At Gateway Add

Property Details

Construction

Brick

Heating

Forced Air

Cooling

Central Air

Questions & Answers

This 2-bedroom, 1-bathroom single family at 8838 Park Lane is listed at $69,900 ($61/sqft). The estimated monthly payment is $303 based on 20% down at 6.5% interest.

Key features include: Built in 1941, 0.16 acre lot.

This property is listed by Joey Schenck and can be reached at 3142211109 or joey@investstl.com.

JS

Joey Schenck

Agent at Invest St. Louis

(314) 221-1109

Listed by Invest St. Louis · View on Broker Site

MLS# 26036203· Source: listhub· Updated today

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8838 Park Lane, Saint Louis, MO 63147

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