Investment Opportunity: All-Brick 2-Family Property with Immediate Cash Flow Potential

Looking for your next investment property? Look no further than this all-brick, two-family home that is primed and ready to generate income with minimal effort. Situated in a desirable neighborhood, this property offers both an attractive investment opportunity and long-term potential. Whether you are a seasoned investor or a first-time buyer looking to jump into the world of real estate, this property is an ideal choice.

Location :5244 Theodosia Ave, St Louis, MO 63113

Property Overview

This all-brick, two-family residence features two separate, well-maintained units, each with distinct features that make them both appealing to tenants. The lower unit is a comfortable 2-bedroom, 1-bathroom apartment, while the upper unit is slightly larger with 3 bedrooms and 1 bathroom. Both units offer ample space and a layout conducive to modern living, making them attractive to a wide range of potential tenants.

Both apartments are move-in ready with just minimal work required to get them fully rented and generating cash flow. The units are structurally sound and have been well cared for, meaning they won’t require significant investments in repairs or renovations. This is perfect for investors looking to minimize downtime and start seeing returns as quickly as possible.

The Lower Unit

The 2-bedroom, 1-bathroom lower unit is an ideal living space for smaller families, professionals, or even roommates. It features an open, functional layout with ample natural light, providing a welcoming atmosphere. The unit boasts a comfortable living room area, a kitchen with sufficient space for meal preparation, and two well-sized bedrooms. The bathroom is functional, and the entire unit is in solid condition. With minimal improvements, such as updating appliances or freshening up the paint, this unit will be ready to welcome tenants in no time.

From Redfin

The Upper Unit

The upper unit is a spacious 3-bedroom, 1-bathroom apartment that offers more room for tenants who may need additional space, such as larger families or groups of roommates. The layout of this unit is similarly well-designed, offering a generous living room, a kitchen with enough space for dining, and three bedrooms that provide flexibility in terms of living arrangements. As with the lower unit, the upper unit needs very little work to be move-in ready. A few cosmetic updates here and there could increase its rental value, making it an even more attractive option for prospective tenants.

Off-Street Parking

One of the key features of this property is the off-street parking available to both units. In today’s rental market, having a designated parking area is a significant advantage, especially in busy or urban neighborhoods where parking can often be a challenge. This amenity is a major selling point for potential tenants, who will appreciate the convenience and security that comes with having their own parking spaces.

Investment Potential

This property is an excellent choice for a first-time investor or someone looking to expand their real estate portfolio. With its minimal upkeep, the property is ready to start generating rental income immediately, allowing you to begin building wealth from day one.

If you are a first-time investor, this property offers the opportunity to get your feet wet in the real estate market without diving into a complex or high-risk project. With the units already in good condition and the off-street parking in place, you can focus on finding tenants and setting rental rates without worrying about making major renovations. It’s a straightforward way to enter the rental property market and begin earning passive income.

For seasoned investors, this property can serve as a valuable addition to your portfolio. The ability to quickly lease the units and start earning cash flow makes it a low-risk, high-reward opportunity. With the market for rental properties continuing to grow, this property offers the potential for long-term appreciation, making it an excellent asset to hold for years to come.

As-Is Condition

One important detail to note is that the property is being sold in “as-is” condition. This means that while the property is in good shape overall, the seller is not making any guarantees or promises regarding the condition of the property. It’s important for buyers to understand that they will be purchasing the property as it stands, with the opportunity to make improvements as they see fit. However, given the solid structure and the relatively minor work required to get the units rent-ready, the investment potential remains strong.