RedKey Realty Leaders
Haylee Hercules, RedKey Realty LeadersPhone: (636) 299-7652
Email: Haylee.hercules@gmail.com
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listing
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Residential IncomeFor Sale
$499,000
229 Solon Drive
Ballwin, MO 63021
Courtesy of Invest St. Louis
MLS: Mid America Regional MLS (MARIS)
0Beds
Est. Mortgage
$2,676/mo

Income-producing four family in the heart of Ballwin, located in the award-winning Rockwood School District, between Ellisville and Manchester, with quick access to Highway 141 and Manchester Rd. Four spacious units each feature 2 beds and 1 baths, making this an ideal investment for those seeking stable rental income with the ability to increase rents. Average rents for 8 two bedroom one bath apartments is $1,413 within 3 miles in the last year. All tenants are long term and month-to-month, offering flexibility for investors looking to increase rents to market rate, and maintain a hands-off, low-vacancy asset. Three units are rented at $895, with one unit rented at $800. This property would also be ideal for owner occupancy. The building has seen numerous updates, including kitchens and bathrooms, HVAC systems, plumbing, and electrical, while the roof is approximately 10 years old. Properties like this are extremely scarce in West County. Don’t miss your chance to own a fully leased, consistently performing four family in a high-demand rental area. No showings without an accepted contract.

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Information courtesy of Invest St. Louis is subject to verification and is not guaranteed.
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