Festus, MO 63028

A Great Investment Opportunity in Festus, MO Property Details A classic single-family house featuring 3 bedrooms, 1 bathroom, and 1,225 sqft of living space on a 13,223 sqft lot with an attached 288 sqft garage. • Roof: Requires targeted roof patch and localized decking replacement • Furnace: Existing Payne furnace requiring servicing • AC: Condenser requires lifting onto proper equipment pad • Plumbing: Minor fixture and hardware repairs needed • Electrical Panel: Requires clearing of panel access • Water Heater: Corroded, requires replacement with code-compliant setup The property will be delivered vacant at closing. Investment's Highlights: • 3-bedroom, 1-bathroom single-story ranch • 1,225 sq ft of above-ground living space • Solid structural bones with crawl space foundation • Main-floor utility systems and laundry hookups • Attached 1-car garage (288 sq ft) with covered carport and enclosed breezeway • Additional off-street driveway parking • 13,223–13,242 sq ft lot (0.30–0.304 acres) • Located in E Blackwell Add subdivision • Highly rated Festus R-VI School District (A-rated by Niche) • Convenient proximity to downtown Festus retail, local parks, and regional transit routes • Very strong and competitive market with steady year-over-year house price appreciation • Low average days to pending • Hot homes sell for about 3% above list price and go pending in around 4 days • Rent estimated at around $1,850 per month once updated • Versatile for entry-level retail flip or long-term rental hold • The house was sold for $142k in 2021. • Very few homes come on in the market in this area and, when they eventually do, they sell fast. There are only 1 active and 2 pending houses within the 0.35 mile radius of the house.