About the Listing STWG01 - SHAGATES

CUSTOMIZABLE HOME + INCOME POTENTIAL + RENOVATION SPREAD IN FLORISSANT Welcome to a promising value-add opportunity in a quiet, established neighborhood. Previously rented at $1,600 per month, this property has demonstrated strong rental performance within the local market. With thoughtful improvements, this split-level home offers measurable equity through renovation. It is well suited for an investor seeking steady income or a buyer looking to select finishes that reflect their own style while building equity over time. Nestled in a family-friendly neighborhood, this three-bedroom, two-bath home offers a peaceful retreat while remaining conveniently close to parks, schools, and everyday amenities. The split-level design provides a layout that feels both practical and inviting. The home features a welcoming living room, a dining area that flows into the kitchen, three generously sized bedrooms with ample natural light, and two full bathrooms ready for updates. Situated on a 7,200 sq ft lot with a two-car garage, the property also offers functional outdoor space and storage that tenants and homeowners appreciate. Major systems and appliances are currently operational, providing a solid foundation for cosmetic improvements. The home requires mold remediation and updates. A detailed remediation estimate is available as an addendum for review, offering defined scope and clarity for buyers evaluating next steps. Defined renovation scope combined with documented rental history provides rare clarity for an as-is home at his price point. Recent nearby renovated homes have sold between $220,000–$247,000, indicating the potential to capture equity through renovation. The home is priced to reflect needed updates while preserving margin for improvements. For investors, this property offers proven rental history and a clear path to stabilization. For homeowners, renovation financing options such as a 203K loan may allow improvements to be rolled into the purchase, enabling buyers to customize finishes while building equity from the start. Whether generating income or personalizing a home to build equity through renovation, this property offers flexibility and measurable value in today’s Florissant market. Schedule your showing today and explore the opportunity firsthand.

Listing Highlights