229 Solon DR, Ballwin, MO 63021 – 25033543 - Nancho Rodriguez

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Nancho Rodriguez

nancho@stlhometown.com +1(314) 297-6494

$499,000

Est. payment - /mo

2,925 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 2,925 sqft

Price per Sqft $170

Subdivision El Dorado Heights 2

MLS Listing ID 25033543

Year Built 1963

Acres 0.29

Property Description

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.

Location

State MO

County St. Louis

Area 348 - Marquette

Rooms

Basement Concrete, Unfinished

Interior

Heating Forced Air

Cooling Ceiling Fan(s), Wall Unit(s)

Fireplace N

Appliance Cooktop, Microwave, Oven, Range, Refrigerator

Exterior

Parking Features false

Building

Story 1

Water Public

Architectural Style Apartment Style, Low/1-2

Level or Stories One

Structure Type Brick,Vinyl Siding

Schools

Elementary Schools Ballwin Elem.

Middle Schools Selvidge Middle

High Schools Marquette Sr. High

School District Rockwood R-Vi

Others

Acceptable Financing Cash, Conventional, Other

Listing Terms Cash, Conventional, Other

Special Listing Condition Standard

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Listed by Jordan Schoen • Invest St. Louis

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Nancho Rodriguez

+1(314) 297-6494

Agent | License ID: 2018006602

Agent License ID: 2018006602

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229 Solon DR Ballwin, MO 63021

Nancho Rodriguez

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others