St. Louis Missouri – 10716 Oak Avenue for Sale at iAuction
Welcome to 10716 Oak Ave, a unique property offering multiple opportunities for income generation or comfortable living. Situated on almost a half-acre lot, this property features two residences and an oversized detached garage.
The bungalow located in the back of the property is currently rented out at $500 per month, with the market rate for similar properties exceeding $600. This presents an opportunity to increase rental income in the future.
The main house, located in the front, is currently vacant and awaits your personal touch and updates. Once updated, this house has the potential to be rented for $1,100 to $1,200 per month, providing a significant source of rental income. Alternatively, you can choose to live in the main house and rent out the other units for additional income.
In addition to the two residences, the property offers an oversized detached garage, which can be rented out separately for approximately $150 per month. This creates a third potential stream of income for the property.
Conveniently located just a few blocks from Lindbergh and Page Ave, this property provides easy access to major transportation routes such as I-270 and Hwy 364. Whether you're commuting to work or exploring the surrounding area, this location offers convenience and accessibility.
The property boasts a newer roof and fresh paint, providing a solid foundation for your vision and updates. With some creativity and investment, you can transform this property into a lucrative income-generating asset or a comfortable home.
Don't miss this opportunity to capitalize on the potential of 10716 Oak Ave. Call Eric Merchant (636) 251-5105 to take a closer look and envision the possibilities that await!
- Address: 10716 Oak Ave
- Postal Code: 63114
- City: St. Louis
- County: St Louis County
- State: MO