2231 Wallis Avenue

About this home

Turnkey cash-flowing rental in Overland — tenant in place at $1,500/month on a lease through June 2027! At $150,000 that's a 1.0% rent-to-price ratio with immediate income from day one. 4 bed / 2 bath with approximately 1,500 sq ft, including a finished lower level with a bonus room. The capital expenses are already handled: whole-house renovation (2023), new roof (2025), new plumbing including underground lines (2024), new electrical panel, new AC and appliances (2023), new driveway (2025), plus sump pump and steel beams (2024) — a dry basement and minimal deferred maintenance for years to come. Strong DSCR profile with the lease in place to support underwriting. Ideal for buy-and-hold and DSCR investors looking for a stabilized asset in a proven rental market. Schedule your showing today!

Property details

County

St. Louis

Subdivision

Oakvale

Lot size

0.2215 acres

Days on market

0

Annual taxes

$1,861

Heating

Forced Air

Cooling

Central Air

Basement

Egress Window, Finished, Sump Pump, Walk-Out Access

Style

Traditional

Schools

School district

Ritenour

Elementary

Marion Elem.

Middle

Ritenour Middle

High

Ritenour Sr. High

Location