3630 Iowa Ave Saint Louis, MO 63118

Excellent opportunity to own an updated, low-maintenance 2-family property in the heart of Gravois Park. Both units are vacant and feature 2 bedrooms and 1 bathroom, making this a great fit for an investor seeking cash flow or a house hacker looking to live in one unit while renting the other. Major mechanical updates were completed approximately 18 months ago, including new HVAC systems for both units with new furnaces and central AC units. One unit also has a new water heater. Both units received cosmetic updates at that time, including LVP flooring throughout, tiled bathroom floors, tiled shower surrounds, updated kitchens with new cabinets, laminate countertops, backsplash, new fixtures, stainless steel appliances, and matte black light fixtures throughout. The property offers gravel parking lot in the rear. Located in South City near transportation, shopping, restaurants, bars, and everyday conveniences, this property sits in a central St. Louis location with strong rental demand. Market rents are estimated around $1,200-$1,250 per month per unit, creating an attractive entry point for someone looking to begin or expand their income-producing real estate portfolio.