About the Listing INVS01 - JSCHOEN

Beautifully renovated and move-in ready, this charming 3 bedroom brick home in University City offers an exceptional opportunity for both owner-occupants and investors. Renovated at the end of 2024, the home features a modern kitchen with quartz countertops, stainless steel appliances, updated hardware, fresh backsplash, and new garbage disposal, along with a fully remodeled bathroom complete with new tub surround, vanity, flooring, lighting, and fixtures. The hardwood floors were refinished, this is fresh interior and exterior paint, new lighting and ceiling fans, updated doors and hardware, new windows with 2” blinds, smart WiFi-controlled locks, thermostat fresh landscaping, and a new garage door further enhance the home. Major mechanical improvements include a new furnace with flue liner and piping in 2024, rebuilt condenser in 2025, approximately 5-year-old roof, and replaced sewer lateral. The home may be purchased fully furnished, or without furnishings. The price includes the furnishings, creating a true turn-key opportunity. Furnishings were purchased after renovations and include two king-size memory foam beds and one queen-size memory foam bed with new frames and headboards, faux leather sofa and chair, coffee table, four area rugs, dining table with seating, four nightstands with lamps, 55” smart TV with stand, electric sit/stand desk with leather office chair, fully stocked kitchen with air fryer, coffee maker, cookware, utensils, towels, and a basement gym setup. The home was successfully leased furnished in 2025 to medical professionals, demonstrating strong demand for furnished housing near Washington University and the Barnes-Jewish Hospital complex. From an investment standpoint, the property has recently achieved rent of $1,895 per month plus a $275 utility charge ($2,170 total monthly income) reflecting an 8.3% cap rate, with an estimated 12% cash-on-cash return. Located on a quiet street just minutes from the U City Loop, Forest Park, Washington University, Clayton, and major medical centers, this property offers flexibility as a primary residence, furnished rental in a high-demand University City location.

Listing Highlights