About the Listing KWRC01 - JTRAVERS

Back on market due to no fault of seller! Buyer failed to perform basic due diligence before making offer— no inspections were performed. Welcome to 7624 Fairham Ave — a classic all-brick University City home that checks every box. Functional systems, clean dry basement, and solid brick construction with a large, beautiful lot make this an ideal starter home or income property. Previously owned as a strong rental: previously verified market rent of $1,450 per month (annual gross rental income of $17,400). If financed with 20% down at prevailing conventional investment rates projected cash flows support an estimated 12–16% cash-on-cash return. As with any investment, buyers are encouraged to perform their own analysis and due diligence. Have your agent inquire on verifiable previous lease and rental rolls. Freshly painted with new touches like an electric fireplace, this home offers comfortable living now with great upside later. The large unfinished basement and three-seasons room create opportunities for added living space or future equity—perfect for owner-occupants who like to improve as they go. Out back, the oversized lot sets this home apart—ideal for a garden, patio, or outdoor entertaining. A rare and valuable combination in U City, signaling strong demand and long-term value appreciation for years to come. Conveniently located near The Loop, Metro Transit, and central St. Louis County amenities, Fairham is a smart entry into home ownership or a cash flowing investment.

Listing Highlights