3 St. Louis Rentals for Sale Below Appraised Value
Hi everyone, I have 3 rental properties for sale in St. Louis, all priced below their most recent appraised values.
3630 Iowa Ave, 63118 is a vacant updated duplex in Gravois Park with two 2 bed/1 bath units. The property has all new HVAC systems, both units are cosmetically updated, and it was previously generating $2,120/month in gross rent. Appraised at $220,000 and currently listed at $199,900.
4134 Minnesota Ave, 63118 is a duplex generating approximately $2,090/month in gross rent. Some updated HVACs, cosmetically updated as well. The property was appraised at $203,000 fall of 2024 and is currently listed at $179,900.
6232 Witsell Ave, 63134 is a turnkey 3 bed 1 bath with a finished basement, single-family rental. Move in ready with a passed occupancy inspection, new HVAC systems and fully cosmetically updated. It is currently listed at $114,900 with a recent appraisal at $135,000. Great opportunity for someone looking for low maintenance, rental that cashflows. Previously rented at $1,300 a month, this is a rare rental property that actually cash flows in todays market and meets the sought after 1% rule.
These properties could work well for buy-and-hold investors looking for cash flow or slight value-add opportunities in the St. Louis market. All three are listed on the MLS, and I'm happy to provide photos, rent information, appraisals, or any additional details to interested buyers.
Feel free to send me a message if you'd like more information!
*Seller is a licensed Missouri real estate agent.*
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