Excellent opportunity to acquire a cash-flowing investment property with a long-term great paying tenant already in place. This 4 bedroom, 2 bathroom single family home offers immediate rental income with favorable lease terms for a new owner. Current rent is below market, providing future upside potential for investors seeking both stability and long-term appreciation.Comparable 4 bedroom rental properties in the area are achieving market rents of $1,800+ per month. Property would benefit from cosmetic updates and improvements to reach top market rental rates, creating an excellent value-add opportunity for investors looking to increase returns over time.Property features a functional layout, attached double-car garage, and strong rental history in an established Florissant neighborhood. Ideal for investors looking to add a performing asset to their portfolio with minimal vacancy risk.Please do not disturb the tenant. Showings will be permitted with an accepted contract only.
Listed By
Agency Name: Provident Property Management LLC
Shown By
Agent Name: Julia Moore
Agent Phone: 616.264.2904
Agency Title: RedKey Realty Leaders
Estimated Payment
$ 1,300.32 per month $1,029.70 Principal & Interest $215.50 Property Tax $55.13 Homeowner's InsuranceCONTACT DETAILS
16123 Chesterfield Parkway West
Chesterfield, MO 63017
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600 Pimlico Drive | MLS# 26032043
This single family home located at 600 Pimlico Drive, Florissant, MO 63033 is currently listed for sale with an asking price of $189,000. This property was built in 1956 and has 4 bedrooms and 2 full baths with 1344 sq. ft. Pimlico Drive is located in the Paddock Hills 2 subdivision within the Ferguson-Florissant R-II school district. Search Paddock Hills 2 real estate on juliamoore.redkeystlouis.com today.