An investment property in St. Louis starts with rent someone is actually paying on that kind of building, on that kind of block. Ask for the rent roll. Pull leased comps. Then price the work: roof, HVAC, tuckpointing, sewer.
A duplex for sale in St. Louis is two rents and two chances for a vacancy. A single-family rental is simpler and often bids against owner-occupants. Multi-family is a different job. City and inner-county brick is the usual product. A County ranch often prices like a primary home and yields like a rental.
Talk to a lender who does investment property here before you tour. Living in one side of a duplex is a different loan than a true rental. Richard reads rentals as a realtor.
Why it works
- Brick two-families still produce rent on streets people already know.
- A lender who does investment property here should talk before the tour.
- Living in one side of a duplex is a different loan than a true rental.
- You can keep or sell. The same comps answer both.
- Underwriting first keeps you from falling for a listing photo.
Homes here
Investment property St. Louis and duplex for sale St. Louis belong on paper before they belong on a Saturday. A St. Louis realtor will tell you when the list price assumes a rent the street will not support. Use the neighborhoods guide for the block, then a consult.