This triplex presents a solid value-add opportunity in the evolving Greater Ville neighborhood of St. Louis City, offering income today with room to grow. One units are currently leased, while the 3 bedroom, 1.5 bath townhouse and 2 bedroom 1 bathroom is vacant, creating flexibility for an owner-occupant or investor.
One of the 2 bedroom, 1 bath units is leased on a month-to-month basis at $800 per month. With rents below market, there is clear potential to increase income over time.
Recent updates include newer HVAC systems in two of the units, and the roof is approximately eight years old, and some plumbing recently completed, helping limit near-term capital expenses. The vacant townhouse allows a buyer to either move in and offset housing costs with rental income or lease the unit to strengthen overall returns.
Conveniently located near Ranken, the new NGA campus, major highways, and local amenities, this property is well positioned for future demand. An ideal option for a buyer looking to build or reposition a rental portfolio while creating long-term equity.
