Turnkey investment opportunity at 461 Scenic Drive in St Louis. This tenant occupied three bedroom one bathroom home offers 1,196 square feet and is currently producing 1,495 dollars per month in rental income, providing approximately an 8 percent cap rate based on current performance.
This property offers peace of mind with no deferred maintenance and numerous major system upgrades already completed. Improvements include a new PVC sewer line, updated 200 amp electrical service, new roof, gutters, vinyl siding, and a new wood deck accessible from one of the bedrooms which adds desirable outdoor living space for tenants.
Interior updates were completed with long term durability and tenant appeal in mind. The kitchen features granite countertops, shaker cabinetry, stainless appliances, recessed lighting, and a large center island that supports modern rental demand. Luxury vinyl plank flooring runs throughout the home providing durability and low maintenance ownership.
The open concept living and dining layout offers functional space that supports long term tenant retention. The elevated deck overlooks a private wooded backdrop which adds additional tenant appeal and lifestyle value.
Additional highlights include covered front entry, off street parking, and strong rental location with convenient access to major highways, shopping, and employment centers.
Tenant is currently in place and paying 1,495 dollars per month. Property provides immediate cash flow and is ideal for investors seeking a stabilized asset with major capital improvements already completed.
In the event of an owner occupant purchase, tenant will vacate prior to closing