Property Description

Here's a Cracker Jack Investment! An attractive, solid two bedroom brick bungalow located on a quiet street in the resurgent Penrose Park Neighborhood. The home features hardwood floors throughout, a formal dining room, an eat-in kitchen, a full walk-out basement, and a 2 car detached garage. This rests in a very walkable neighborhood. Only minutes from Penrose Park, Matthews- Dickey Boys and Girls Recreation Center, Public Transportation and Highway I-70. Also, shopping needs are addressed by the Schnucks City Plaza which is only 1.5 miles from the home. The tenant is currently on a $700. per month lease which equates to an in place cap rate of approximately 13%. There's plenty of upside potential; the rents for similar homes in the area average $1,030. per month. This is a Tremendous Value! Add this today to your Rental portfolio. Please do not disturb the tenant. A showing will be arranged within 48 hours afteran accepted offer. The home is being sold AS-Is; the seller will not provide any reports or perform any repairs, including those related to municipal occupancy. No sight unseen offers or escalation clauses.

Property Features

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