Single Family Home, USA, St. Louis, MO, RealT
Property Type : Single Family Home
Price per Token : $50.63
Return Cash (exp) ? : 9.15%
Minimum Investment : 1 Token
Total Property Size : 3 Beds / 1.5 Bath
Total Property Value ? : $88,602.50
Total Number of Tokens : 1,750

 

A CHARMING HOMESTEAD IN SPANISH LAKE
11949 Del Reo presents an enticing investment opportunity in the serene St. Louis suburb of Spanish Lake. This ranch-style single-family residence, on a spacious 9,492 square-foot lot, offers 3 bedrooms and 1.5 bathrooms, providing a comfortable and spacious living environment. The 2-car attached garage adds to the home’s convenience and functionality.

SPANISH LAKE: A TAPESTRY OF HISTORY
Larimore Park, adjacent to Del Reo, spans 700 acres, offering diverse outdoor activities like hiking, camping, fishing, and picnicking. The park features notable landmarks, including a scenic overlook and a historic stone bridge from the 1800s. The community is enriched by the Assembly Hall of Jehovah’s Witnesses, Larimore Elementary School, and the St. Louis Zoo. Post-WWII housing demand led to the development of numerous homes, resulting in a varied architectural landscape featuring small to mid-sized ranch-style, Colonial Revival, Cape Cod, and Tudor-inspired residences.

PRESERVING CHARM
To its 9.15% expected rental income and affordable acquisition price of $72,000, Del Reo adds a designated $2,500 renovation budget to ensure the property’s sustained appeal, focusing on gardening and deferred maintenance for the comfort of its tenants.

 

 

 

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