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1138 Laredo Ave, St Louis
$99,900
2 Beds ⋅ 1 Baths ⋅ 26058154 MLS
Solid Investment or Turnkey Starter Home in Spanish Lake! ?Welcome to 1138 Laredo Ave, a fantastic opportunity whether you're looking to purchase your very first home or add a reliable, revenue-generating property to your investment portfolio. ?Key Highlights: ?Fresh Modern Upgrades: Step inside to brand-new flooring throughout, offering a clean, contemporary aesthetic and low-maintenance living from day one. ?Main-Level Convenience: Enjoy the added ease of a main floor laundry room located right off the kitchen—no hauling baskets up and down basement stairs. ?Oversized Garage Space: Features a detached, oversized 1-car garage providing secure parking plus ample room for extra storage, a workshop, or hobby equipment. ?Smart & Efficient Layout: Bright, functional living space designed for comfort and effortless day-to-day living. ?Turnkey Ready: All the heavy lifting has been done—just move right in or place your tenants without delay. Schedule your private showing today!

1138 Laredo Ave, St Louis

Courtesy of Intersection Real Estate 314-229-8216

1224 Reale Ave, St Louis
$115,000
3 Beds ⋅ 1 Baths ⋅ 26041460 MLS
Rare opportunity to acquire a 12-home single-family rental portfolio offered as one package in the St. Louis market. Located throughout Spanish Lake, Ferguson, and Unincorporated North St. Louis County, the properties are positioned within close proximity for efficient management and maintenance. The portfolio features a desirable unit mix of all 3- and 4-bedroom homes, creating strong tenant demand from both Section 8 voucher holders and market-rate renters. Professionally managed and largely renovated/rent-ready, the portfolio offers a strong mix of in-place income with immediate lease-up upside. Current gross rental income is approximately $11,519/month, with four vacant homes fully rent-ready and actively being leased. Seller anticipates at least two additional homes leased prior to closing, increasing in-place income to approximately $14,100/month. Fully stabilized pro-forma gross rental income is projected at approximately $16,700/month, with estimated annual operating expenses of approximately $53,000 and projected stabilized NOI of approximately $147,000/year. At the $1,350,000 asking price, the portfolio offers a projected stabilized cap rate approaching 10.9%. An excellent opportunity for investors seeking immediate scale, efficient scattered-site operations, dependable rental demand, and value-add upside through lease-up of rent-ready homes.

1224 Reale Ave, St Louis

Courtesy of Invest St. Louis 314-325-6201

Listing information is provided courtesy of the Broker Reciprocity/IDX of Bagnell Dam Association of REALTORS® and Lake of the Ozarks Board of REALTORS®, Inc. Multiple Listing Services. Copyright 2026 Multiple Listing Service, Inc. of Bagnell Dam Association of REALTORS® MLS, Inc. and Lake of the Ozarks Board of REALTORS® MLS, Inc. Information is being provided for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information herein is believed to be accurate and timely, but no warranty as such is expressed or implied. 2026 Century 21 Community