NEW! Buy and sell safely with virtual options - Learn More
About the Listing INVS01 - JSCHENCK,MGUIGNON
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 and 1277 Admiral Dr - MLS# 26036113
Listing Highlights
Status
Active
Days on Site
42
Property Type
Residential
MLS ®
26036203
Year Built
1941
Total Square Footage
1,144
Lot/Acreage
0.16
County
St Louis City
Neighborhood
Hills At Gateway Add
Area
5 - North
School District
St. Louis City
Elementary School
Earl Nance Sr. Elem.
Middle School
Yeatman-Liddell Middle School
High School
Vashon High
Interior Details
- Bedrooms: 2
- Bathrooms: 1 Full
- Appliances:
- Air Cond: Central Air
- Heating: Forced Air
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 1144
- Below Ground Sq Ft: 0
- Basement: Full
- Other:
- Water: Public
Exterior Details
- Lot Description: Back Yard
- Garage Capacity: N/A
- Roof: Pitched/Sloped
- Others:
- Sewer: Public Sewer
Financial Details
- Tax Amount: $498
- Taxes w/Assessments: N/A
- Tax/Property ID: 6142-00-0100-0
- Tax Year: 2025
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
% Down Payment
% Mortgage Rate
Questions About..
8838 Park Ln St Louis, MO 63147
Never Miss A New Property
Get notified any time there's a new home on the market in this neighborhood!
Don't worry! We'll never spam you or sell your details. You can unsubscribe whenever you'd like.
Listing Courtesy of -
