258 Becker Drive, Hazelwood, MO 63135
Subdivision: Burke City
List Price: $99,900
3
Bedrooms2
Baths884
Area (sq.ft)$113
Cost/sq.ft1 Story
Type45
Days on MarketDescription
Investor opportunity! 258 Becker Drive is a 3-bedroom, 2-full-bath ranch-style home and part of a four-house rental portfolio. This property is vacant and in move-in or near move-in-ready condition, offering a straightforward path to lease-up with little to no work needed. With its desirable ranch layout, 3-bed/2-bath configuration, and large backyard, Becker has projected rent potential of approximately $1,500/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: 8838 Park Ln - MLS# 26036203 , 2823 Meadowlark Ave - MLS# 26036063 and 1277 Admiral Dr - MLS# 26036113
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Listing Courtesy of Invest St. Louis - [email protected]
