Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Above Grade Finished Area

    2448.0

  • Cooling YN

    YES

  • Cooling

    Central Air

  • Fireplace YN

    NO

  • Heating YN

    YES

  • Heating

    Forced Air

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Brick

  • Pool

    No

Area & Lot

  • Lot Size(acres)

    0.0991

  • Lot Size(square feet)

    4,316

  • Property Type

    Residential Income

  • Property Sub Type

    Multi Family

  • Architectural Style

    Other

Price

  • Sales Price

    $189,900

  • Tax Amount

    $1,794

  • Sq. Footage

    2,448

  • Price/SqFt

    $77

HOA

  • Association

    No

School District

  • Elementary School

    Monroe Elem.

  • Middle School

    Long Middle Community Ed. Center

  • High School

    Roosevelt High

Property Features

  • New Construction

    NO

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Location

County

St Louis City

Elementary School

Monroe Elem.

Middle School

Long Middle Community Ed. Center

High School

Roosevelt High

Listing Courtesy of Paul Melchior , DRG - Delhougne Realty Group

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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.

3630 Iowa Avenue

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