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High-Return Single-Family Rehab on Old Missouri Ave – Prime Investment Near Major Transit and Growth Corridor

$16,950.00 USD
Scade: 

5d1h(Aug 16, 2025 03:24 PM UTC)

$200.00 USD

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$16,950.00 USD

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OSSERVATORI: 15 |VISITATORI: 71

Commissione d'acquisto

10%

Venditore

Pitman Realty LLC - Real Estate Remarketing, NY

Tipo account

Commerciale

Termini e condizioni del venditore

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Altri articoli del venditore

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Descrizione

Lot#

25752-182

Condizioni

Usato/Vedi descrizione

5504 Old Missouri Ave, East Saint Louis, IL 62207 – Value-Add Single-Family Home in Expanding Investment Zone
2 Bedrooms | 1 Bathroom | Large Lot | High ROI Potential

https://www.redfin.com/IL/East-Saint-Louis/5504-Old-Missouri-Ave-62207/home/135171657

This single-family home at 5504 Old Missouri Ave sits in a quiet, residential section of East Saint Louis with easy access to Route 15, I-64, and downtown St. Louis. With strong nearby sales and rising investor activity in the 62207 zip code, this is the perfect project to add to your portfolio.

✨ Property Highlights:
🛏 2 Bedrooms

🛁 1 Bathroom

🏡 Deep lot with yard space and rear access

🔧 Needs full renovation – ideal for rehabbers or landlords

📍 Located just minutes from highways, schools, and public transit

💡 Utility access available at the street

📈 Comparable Sales in the Area:
5436 Bond Ave – Sold for $52,500 (2 Bed / 1 Bath)

5510 Trendley Ave – Sold for $50,000 (2 Bed / 1 Bath)

5484 Old Missouri Ave – Sold for $48,000 (2 Bed / 1 Bath)

🌆 Why East Saint Louis?
East Saint Louis continues to offer some of the best cash flow metrics in the Midwest. With revitalization efforts and easy commuter access to downtown STL, this area is seeing increasing investor interest. Highlights:

Affordable entry point for flips and long-term rentals

Consistent demand for Section 8 housing

Easy access to MetroLink, major highways, and employment corridors

Redevelopment programs and regional infrastructure upgrades

5504 Old Missouri Ave is an ideal acquisition for cash investors looking to scale efficiently in a strong Midwest market.

Informazioni sul venditore

Venditore:

Pitman Realty LLC - Real Estate Remarketing, NY

[ Guarda altre risorse del venditore ]

Controllo

Buyers are welcome to visit the property prior to placing a bid if they are able to. We are not based in the local area though, so no one will be there to meet you. Buyers do so at their own risk. It is highly recommended that interested bidders arrange for an external inspection personally or through a designated and that they contact the county or city in which the property is located to confirm the status of the property. All potential real estate bidders are reminded that it is your responsibility to complete all due diligence needed to determine the condition, market value, or investment value of this asset prior to placing a bid. By placing a bid, you acknowledge that any statements made by the seller about the condition or market value of the property are subjective, and do not release you from your responsibility to perform due diligence. Additionally, buyers acknowledge and agree that the seller and any representatives thereof shall not be held liable for any accidents, injuries, or damages that may occur during or as a result of the property visit. Buyers enter the property at their own risk and are responsible for their own safety. Furthermore, buyers understand that any information provided by the seller or its representatives is for informational purposes only and should not be solely relied upon. It is recommended that buyers independently verify all information provided, including but not limited to property boundaries, zoning regulations, and any potential legal encumbrances. Buyers acknowledge that the seller makes no representations or warranties regarding the title, ownership, or legal status of the property. It is the buyer's responsibility to conduct a title search and obtain appropriate legal advice to ensure clear and marketable title. By participating in the bidding process, buyers release the seller and its agents from any and all claims, liabilities, and damages arising from or related to the property, including but not limited to environmental issues, structural defects, or undisclosed property conditions. Buyers understand that any deposits or earnest money submitted with their bid are non-refundable, regardless of whether the bid is successful or the transaction closes. This helps ensure serious and committed bidders only participate in the auction process. Additionally, buyers acknowledge and agree that they are solely responsible for any utilities, property expenses, HOA fees, survey fees, boundary fees, property taxes, ground testing costs, or any other expenses associated with the property, whether current or outstanding. The seller shall not be liable for any such fees or expenses. Buyers also understand and accept that the property is being sold strictly in its current condition, "as-is," with no warranties or representations, express or implied, including but not limited to warranties of merchantability or fitness for a particular purpose. Furthermore, buyers are informed that Sellers are liquidators, and these properties are sold with a significant discount. Sellers have not visited these properties and therefore cannot provide detailed information beyond what is publicly available. Buyers are encouraged to do all due diligence on the properties but may not enter any premises without written permission from the seller. This property will be sold with a notarized quitclaim deed to the buyer. All sales are final. We do guarantee that we have the legal right to transfer ownership to seller and that there are no outstanding mortgages on properties for sale.

Pagamento

The Buyer Service Fee is to be paid electronically via the 'My Bids' page. The remaining sale amount is paid directly to client at either time of pickup or according to any special payment instructions.

The Buyer's Certificate will contain information to schedule payment & removal.

Once the Buyer Service Fee has been paid to Liquidity Services, payment of the asset in full is due no later than five (5) business days from the time and date of the Buyer's Certificate. Acceptable forms of payment are: Wire Transfer (ACH Not Accepted), Zelle, or Certified Bank Check.

Checks shall be made payable to: Pitman Realty LLC

Eliminazione

***SELLER TO PREPARE DEED DIRECTLY***


Upon receipt of the payment and title information, the quit claim deed will be sent to the County to be recorded into your name by the seller and a copy of the deed will be emailed to you for your records.

There is a $399.95 document fee and processing fees.

Opzioni di rimozione e trasporto

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Istruzioni speciali

Buyers are welcome to visit the property prior to placing a bid if they are able to. We are not based in the local area though, so no one will be there to meet you. Buyers do so at their own risk. It is highly recommended that interested bidders arrange for an external inspection personally or through a designated and that they contact the county or city in which the property is located to confirm the status of the property. All potential real estate bidders are reminded that it is your responsibility to complete all due diligence needed to determine the condition, market value, or investment value of this asset prior to placing a bid. By placing a bid, you acknowledge that any statements made by the seller about the condition or market value of the property are subjective, and do not release you from your responsibility to perform due diligence. Additionally, buyers acknowledge and agree that the seller and any representatives thereof shall not be held liable for any accidents, injuries, or damages that may occur during or as a result of the property visit. Buyers enter the property at their own risk and are responsible for their own safety. Furthermore, buyers understand that any information provided by the seller or its representatives is for informational purposes only and should not be solely relied upon. It is recommended that buyers independently verify all information provided, including but not limited to property boundaries, zoning regulations, and any potential legal encumbrances. Buyers acknowledge that the seller makes no representations or warranties regarding the title, ownership, or legal status of the property. It is the buyer's responsibility to conduct a title search and obtain appropriate legal advice to ensure clear and marketable title. By participating in the bidding process, buyers release the seller and its agents from any and all claims, liabilities, and damages arising from or related to the property, including but not limited to environmental issues, structural defects, or undisclosed property conditions. Buyers understand that any deposits or earnest money submitted with their bid are non-refundable, regardless of whether the bid is successful or the transaction closes. This helps ensure serious and committed bidders only participate in the auction process. Additionally, buyers acknowledge and agree that they are solely responsible for any utilities, property expenses, HOA fees, survey fees, boundary fees, ground testing costs, or any other expenses associated with the property, whether current or outstanding. The seller shall not be liable for any such fees or expenses. Buyers also understand and accept that the property is being sold strictly in its current condition, "as-is," with no warranties or representations, express or implied, including but not limited to warranties of merchantability or fitness for a particular purpose. Furthermore, buyers are informed that Sellers are liquidators, and these properties are sold with a significant discount. Sellers have not visited these properties and therefore cannot provide detailed information beyond what is publicly available. Buyers are encouraged to do all due diligence on the properties but may not enter any premises without written permission from the seller. This property will be sold with a notarized quitclaim deed to the buyer. All sales are final.

Informazioni aggiuntive

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