Priced at $175,000, this stabilized Section 8 rental offers investors the opportunity to acquire a 4-bedroom home below recent neighborhood sale prices. The property features approximately 1,880 square feet, 4 bedrooms, 1.5 baths, and a current tenant who has occupied the home since September 1, 2024 and is renewing for another year.
Total monthly rent is $2,397, with $1,954 paid through Section 8 and $443 paid by the tenant. The tenant is current on payments.
The home underwent an extensive renovation in 2022, when much of the interior was taken down to the studs and rebuilt from there. Improvements included a new roof, HVAC system, windows, flooring, landscaping, and fresh paint throughout. The kitchen and bathrooms were completely updated with new cabinets, countertops, vanities, and additional improvements.
Recent neighborhood sales include:
With strong rental income, a renewing tenant, major improvements already completed, and a list price below recent neighborhood sales, this is a strong addition to a buy-and-hold rental portfolio.
For more information, please contact:
Malinda Terreri
Broker | Owner
Over 1,200 Properties Sold
Terreri Team Realty LLC
TerreriTeam.com
(314) 488-0494
11826 Hidden Lake Dr
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