BRRRR in Ferguson: 2/1 + 2 Bonus Rooms, Mostly Updated!

$64,000 • 2 Beds / 1 Baths • 984 SqFt
Offer Submission Deadline
  • Single Family House
  • 2
  • 1
  • 1952
  • 984
  • 984
  • No Garage

Description

Contract for sale on the following underlying subject property:

📍35 S Barat Ave, St. Louis, MO 63135

💰Suggested Price: $64000

BRRR this Turnkey-leaning 2 bed / 1 bath / ~984 sf (1952) with an updated kitchen, newer electrical, and new A/C. Roof is ~10 years per seller. Light cosmetics remain (flooring in one bedroom and the sunroom, kitchen backsplash).

The existing sunroom can easily be used as a 3rd bedroom and another small room is present in the walk out basement.

Property is owner occupied and will be shown by appointment only.

Experienced investors know this is an easy value play for a rental in a strong entry-level submarket.

-Realistic ARV: 2BR ~$115k–$125k or 3BR ~$120k–$135k.

-Rent guidance: 2BR ~$1,150–$1,280/mo; 3BR ~$1,400–$1,570/mo. (Voucher rents have max yield)

Property condition (at-a-glance)

  • 🛋️ Interior: Mostly updated some LVP and minor cosmetic repairs needed
  • 🍽️ Kitchen: Mostly Updated; backsplash to install and other minor cosmetics
  • 🚿 Bath: Standard 2/1 layout; light cosmetics as desired
  • 🧱 Lower Level: No leaks reported; walk-out access and Bonus Room
  • 💧 Plumbing: PVC above grade; cast-iron underground main
  • ⚡ Electrical: Upgraded panel
  • ❄️ HVAC: New A/C; 🔥 older furnace
  • 🚿 Water Heater: Older
  • 🏠 Roof: ~10 years
  • 🌞 Sunroom: Easy 3rd-BR conversion
  • 🌳 Lot: 11,151 sf—ample yard and usability.

Contact Andrei for Access and Offers, Rentals like this are in strong demand and sell quickly!

Estimated Spread

  • ARV $120,000
  • Price $64,000
  • Spread $56,000

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