3735 Virginia Ave, St Louis, Missouri 63118
$189,000 (Available Now)

Turn-Key, Fully Renovated 2-Family

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Invest in St. Louis

Welcome to this turn-key investment opportunity! This fully-renovated, two-unit property is 100% occupied and cash flowing on day 1. The property is fully stabilized with two long-term tenants (5+ years and 3+ years) at rents of $805/month and $865/month with tenants paying utilities directly (units are individually metered). With lease roll-overs in January and August 2024, and market rents for similar units at $1,039/month for similar units, this property has significant upside potential via near-term rent increases (or owner-occupancy if you prefer – live in one unit, collect rent on the other). Additional upside potential is available via the lease-up of the on-site two-car garage.

Each 2BR/1BA unit is approximately 1,150 sq ft for a total of 2,300 sq ft of living area. Unit amenities include full kitchens (oven/stovetop, dishwasher, garbage disposal, and refrigerator), central HVAC, ceiling fans, hardwood floors, and private decks. Building amenities include a +/-1,150 sq ft basement, washer/dryer hookups, lockable storage closets available to tenants and/or the landlord, a fenced yard with locking gates, and a two-car garage.

The property was fully renovated in 2015 with new building systems and unit renovations. New building systems include: 200-amp electric panels, PVC stacks, lateral piping under the basement slab, water heaters, HVAC systems, separate utility meters, gas furnaces (2017), and roof (2018). Interior renovations include: reconfigured open-concept floor plans along with new fully equipped kitchens (appliances, sink/countertop, and cabinetry), bathrooms, windows, drywall/paint, and other interior finishes.

Located in the Gravois Park neighborhood, the property is within walking distance to area amenities including: shops and restaurants on S Grand Ave, the Cherokee St entertainment district, Schnucks grocery store, schools, parks, the St Louis Public Library, Gravois Park, and a variety of public transportation options.

Supplemental Documents

Property Location

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Property Details:
Square Footage: 3088 County: St. Louis City Units: 1-4 Condition: Turn Key Occupancy: Fully Occupied Parking: 1 Parking Space Per Unit, Garage, Off Street Parking Heating: Gas Heat Cooling: Central Gas Construction: Brick Basement: Stone
Home Amenities:
  • Some Dishwashers
  • Microwaves
  • Fridge
  • Stove
  • Hardwood Floors
Agent Details:
Owner / Broker: Jordan Schoen Phone: (314) 255-5117 Fax: (314) 480-7053
Agent: Kyle Blake Phone: (314)-413-6549 Fax:
Contact Agent: Please use the form below to contact agent Jordan Schoen Kyle Blake about this listing.

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