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About the Listing INVS01 - JSCHENCK,MGUIGNON
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 $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
Listing Highlights
Status
Active
Days on Site
42
Property Type
Residential
MLS ®
26036063
Year Built
1951
Total Square Footage
999
Lot/Acreage
0.2
County
St. Louis
Neighborhood
Ben Avis Park
Area
16 - Jennings
School District
Jennings
Elementary School
Woodland / Hanrahan
Middle School
Jennings Jr. High
High School
Jennings High
Interior Details
- Bedrooms: 2
- Bathrooms: 1 Full
- Appliances:
- Air Cond: Central Air
- Heating: Forced Air
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 999
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Garage Capacity: N/A
- Roof:
- Others:
- Sewer: Public Sewer
Financial Details
- Tax Amount: $1,500
- Taxes w/Assessments: N/A
- Tax/Property ID: 12G-21-0436
- Tax Year: 2025
Payment Calculator
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Questions About..
2823 Meadowlark Ave St Louis, MO 63136
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