Turnkey Cash Flow Opportunity in St. Louis – Long-Term Section-8 Tenant in Place! Attention investors and portfolio builders! Grab this hassle-free rental property with assured monthly income. This solid single-family home is occupied by a long-term Section-8 tenant who has been taking excellent care of the property. Enjoy reliable, government-backed rent payments every month with minimal management headaches. The property features a practical layout with 2 bedrooms and 1 bathroom across approximately 945 square feet. Situated on a manageable lot in Velda Village Hills, it sits in close proximity to revitalization activity in neighboring Pagedale and Hillsdale - areas that have seen new housing, commercial investment, and community reinvestment efforts in recent years. Key advantages include the long-term Section-8 tenancy (providing stable, assured rental income), a tenant who maintains the home well, and the overall turnkey condition that allows you to collect rent from day one. These factors keep your expenses predictable and maximize net cash flow with very little day-to-day involvement. Conveniently located near transportation, shopping, employment opportunities, and major roadways in an accessible north St. Louis County location, this property is a true set-it-and-forget-it addition to any real estate portfolio seeking reliable cash flow. Do not miss this seamless, income-generating asset with proven tenancy and reliable cash flow. Inquire today for lease details and to schedule a viewing!
This two-bedroom, one bath bungalow is the perfect addition to an investor’s portfolio or for an owner-occupied Buyer. Terrific opportunity on this solid all brick charmer! Home boasts spacious rooms throughout, a full basement, hardwood flooring, and the Home sets on mostly level with ample off street parking/driveway. Please note that the pictures were taken prior to tenant moving in so the hardwood could use a new finish. Also take note of the window AC units. Located in an ultra quiet sought after residential area near shopping, major highway access, and public transportation. This home is less than 2.5 miles from UMSL and could be a great rental property. Has been a rental property for current owner for many years with tenant rights until December. Add to YOUR portfolio. SELLING AS-IS but we have PASSED the Velda Vlg Hills Code Insp. Value priced for quick sale, seller will not make any repairs or provide any inspections and is firm on price.
Public Records
Oct 25, 2016
Sold
$18,000
$19/sq ft
MARIS as Distributed by MLS Grid #16015284
Oct 18, 2016
Sold
*
Oct 3, 2016
Pending
—
Aug 19, 2016
Price Changed
$23,900
$25/sq ft
Jul 8, 2016
Price Changed
$27,900
$30/sq ft
May 10, 2016
Price Changed
$29,500
$31/sq ft
Mar 14, 2016
Listed
$29,900
$32/sq ft
+3
Look at this price reduction! This is a terrific 2 bedroom home. Eat in kitchen and ceramic tiles. Bath has a beautiful pedestal sink. Walk out LL has a 10 x 14 cedar closet. Laundry hook ups and extra storage. Huge concrete patio that connects to the driveway. Roof is 2 years old and the wood floors are all refinished. Easy access to Natural Bridge and public transportation.
MARIS as Distributed by MLS Grid #1
Oct 14, 2015
Price Changed
$34,500
$37/sq ft
Public Records
Jul 21, 2006
Sold
—
Public Records
Aug 11, 2005
Sold
$52,000
$55/sq ft
Public Records
Jan 6, 2005
Sold
$37,000
$39/sq ft
Public Records
Sep 23, 2004
Sold
$38,000
$40/sq ft
Public Records
Jul 1, 1997
Sold
$38,000
$40/sq ft
Year
Property tax
Land + Additions
Assessment*
2022
$695 (+3.0%)
$680 + $5,360
$6,040
2021
$675 (−5.5%)
$680 + $5,360
$6,040
2020
$714 (+0.7%)
$680 + $5,360
$6,040
2019
$708 (+3.2%)
$680 + $5,610
$6,290
2018
$687 (+1.0%)
$680 + $5,610
$6,290
2017
$680 (+5.2%)
$680 + $5,040
$5,720
2016
$646 (+2.7%)
$680 + $5,040
$5,720
2015
$629 (−31.9%)
$680 + $4,470
$5,150
2014
$924
$1,410 + $6,460
$7,870
Public record
Beds
2
Baths
1
Stories
1
Lot width
—
Lot depth
—
Lot size
4,408 Sq. Ft.
Year renovated
—
Finished Sq. Ft.
945
Unfinished Sq. Ft.
—
Total Sq. Ft.
945
Year built
1939
Style
Single Family Residential
County
St. Louis County
APN
15H310240
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 12, 2023.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
5/10 Heat Factor
7 days above 107° expected this year, 20 days in 30 years
2/10 Wind Factor
1% chance of strong winds in next 30 years
4/10 Air Factor
4 unhealthy days expected this year, 5 days in 30 years
Provided by First Street
Historical weather
Saint Louis, MO • 63121
Average low and high temperatures (°F)
38
22
47
29
66
43
72
52
75
58
86
69
90
74
87
69
85
63
74
53
58
42
47
31
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
83/ 100
Very good sunlight
Sunscore
This home receives average direct sun exposure in Saint Louis. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
8.9 hrs
5.7 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 6702 Myron Ave
$78,522
$3,278 under list price of $82K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $70K to $100K.