Rachel Chandler
REALTOR®
BEDS0
BATHS
SQUARE FEET2,448
MLS#26036212
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONQuinette Add
SCHOOLSt Louis City
Property Description
Turnkey, fully occupied investment opportunity! This cash-flowing duplex is 100% leased with both units rented through next summer, generating $2,140 in gross monthly rental income from day one. Whether you're looking to expand your portfolio or complete a 1031 exchange, this stabilized asset offers immediate income with no vacancy or lease-up risk. in-place rents and fixed-term leases make this an ideal addition to any investment portfolio. Recently appraised at $220,000 and offered at just $189,900, this property presents an outstanding opportunity to purchase a performing asset below its recent appraised value. Major capital improvements were completed approximately 18 months ago, including new HVAC systems (furnaces and central A/C) for both units and a new water heater. Interior updates to both units include LVP flooring, updated kitchens with new cabinetry, countertops, backsplash, stainless steel appliances, updated bathrooms with tile finishes, and modern fixtures throughout.Additional features include rear off-street parking, durable low-maintenance brick construction, and a convenient South City location close to shopping, restaurants, parks, public transportation, and everyday amenities. located in the heart of South St. Louis with easy access to parks, shopping, dining, major highways, and downtown, it continues to attract reliable tenant demand.If you're looking for a true turnkey rental with immediate cash flow, updated mechanicals, and built-in equity potential, 3630 Iowa Avenue is an opportunity you won't want to miss.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central Air
Heating: Forced Air
Lot Size: 0.10 Acres
Taxes: $1,794
Year Built: 1911
Feature Descriptions
Days on Site: 49
Exterior: Brick
Parcel#: 1642-00-0070-0
SQFT. Above Grade: 2448
Local Schools
High School: Roosevelt High
Middle School: Long Middle Community Ed. Center
Elementary School: Monroe Elem.
School District: St Louis City
Listed By / Shown By
Listed By
Agency Name: DRG - Delhougne Realty Group
Shown By
Agent Name: Rachel Chandler
Agent Phone: 314.221.2631
Agency Title: RedKey Realty Leaders
Estimate Your Payment
Estimated Payment
$ 1,239.49 per month $1,034.60 Principal & Interest $149.50 Property Tax $55.39 Homeowner's InsuranceChange Payment Information
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3630 Iowa Avenue | MLS# 26036212
This multi-family property located at 3630 Iowa Avenue, Saint Louis, MO 63118 is currently listed for sale with an asking price of $189,900. Iowa Avenue is located within the St Louis City school district. Search Saint Louis real estate on www.rachelchandlerhome.com today.