Massive 5 bed 2.5 bath Rental Opportunity

5 Beds / 2.5 Baths โ€ข 1,560 SqFt
Offer Submission Deadline
  • Single Family House
  • 5
  • 2.5
  • 1957
  • 1560
  • 1560
  • Attached Garage

Description

๐Ÿ”‘ OFF-MARKET RENTAL OPPORTUNITY โ€” NORTHWOODS | 5 BED / 2.5 BATH

Contract for sale / End Buyers Only / DSCR Financing OK

๐Ÿ“ Property Address: 7119 Oreon Ave, Saint Louis, MO 63121

๐Ÿ“Š DEAL OVERVIEW

๐Ÿ’ฐ Asking Price: $129,000

๐Ÿ“ˆ After Repair Value (ARV): ~$210,000

๐Ÿ’ต Rental Estimates:

  • ๐Ÿ  Market Rent: ~$1,800 / month
  • ๐Ÿงพ Section 8: ~$2,000 / month

โžก๏ธ Strong value-add rental in Northwoods with a rare 5-bedroom layout and walkout basement, ideal for a long-term hold or Section 8 strategy.

๐Ÿ  PROPERTY DETAILS

Beds / Baths: 5 Bedrooms | 2.5 Bathrooms

Basement: Walkout basement, partially finished

Includes 1 bedroom + bathroom

Condition:

Cosmetic updates needed throughout

Roof requires immediate replacement

Systems:

โ„๏ธ HVAC: Older system

๐Ÿ’ง Water Heater: 2021

๐Ÿ› ๏ธ Plumbing: Updated; main stack is cast iron

๐Ÿงฑ Foundation: No known foundation issues noted

๐Ÿ’ก INVESTMENT NOTES

Functional layout with basement bedroom/bath adds rental flexibility

Strong Section 8 demand in the area

Suitable for DSCR financing after stabilization

๐Ÿ‘€ SHOWING INFORMATION

Tenant Occupied โ€” DO NOT DISTURB TENANTS

Property will be vacant at close

Showings by appointment only

Access limited to pre-scheduled viewing windows

๐Ÿ—“๏ธ CLOSING DETAILS

Close of Escrow: On or before March 20

Vacant at Closing

Title guaranteed clear or EMD fully refundable

๐Ÿ“ TERMS OF SALE (NON-NEGOTIABLE)

Earnest Money Deposit: $3,000

Due within 24 hours of accepted offer

Contract is not valid until EMD has cleared

Proof of Funds & Pre-Approval required with all offers

Property available for viewing only during scheduled showing times

Failure to meet EMD deadline voids the contract

๐Ÿ“ฉ HOW TO SUBMIT AN OFFER

Submit offers on our webiste or directly to Andrei with:

  • Purchase price
  • Proof of funds or DSCR pre-approval
  • Buyer entity name & contact info

For Any questions text or call Andrei at (314) 200- 5832

Estimated Spread

  • ARV $210,000
  • Price $129,000
  • Spread $81,000

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