1516 Farmview Ave, Unincorporated, MO 63138

Property Description

PASSED OCCUPANCY INSPECTION! $2,500 Seller Credit towards cosmetics, etc. with GOOD offer! Investor alert with first-time homebuyer appeal! This well-maintained 3-bedroom, 1.5-bath ranch in a quiet established St. Louis County neighborhood offers excellent rental potential and long-term value. With a NEW roof, NEW windows, fresh paint, and a partially finished basement, this home is ideal for investors seeking a low-maintenance, turnkey property, while also remaining a great option for first-time buyers looking for affordability and equity opportunity. Inside, the home features three comfortable bedrooms with ample closet space, including a primary bedroom with its own private half-bath ensuite, a major convenience feature for both tenants and owner-occupants. The living spaces include a bright living room with a large picture window and a cozy family room with a decorative fireplace—flexible, appealing spaces that enhance livability and rental demand. The partially finished lower level provides valuable bonus space for recreation or storage, adding more functional square footage. An attached one-car garage, fenced and flat backyard, and recent updates further contribute to the home's appeal and low-maintenance profile. For investors, estimated market rent ranges from $1,400 to $1,600 per month, creating strong cash-flow potential in a high-demand rental area. With major updates already completed, this home requires minimal turnover preparation and offers dependable performance within a stable and established community for your new tenant. Whether you’re adding to your rental portfolio or purchasing your first home, this property delivers a rare blend of affordability, updated systems, and versatile living space at an attractive price point. Move-in ready, well cared for, and positioned for both immediate use and long-term value—don’t miss this opportunity.