Mary M Nigh
REALTOR®
BEDS0
BATHS
SQUARE FEET2,074
MLS#26058822
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONLee Carr Add
SCHOOLSt Louis City
Property Description
Versatile, income-producing opportunity in the heart of the Penrose neighborhood! Both the main and upper levels are currently tenant-occupied, providing rental income from the property from day one. Adding to its long-term flexibility, the property has a rare zoning variance allowing a daycare for up to 18 children on the main level, creating options for an investor or future owner with a variety of potential uses.The existing tenancy makes 4655 Farlin particularly appealing for an investor seeking a property with income already in place rather than starting with vacant units. Looking ahead, the property's distinctive configuration and daycare variance provide additional possibilities as leases and occupancy needs evolve, whether continuing its residential use or exploring the approved daycare use on the main level.Situated on a quieter one-way street, the property features a fenced yard that provides useful outdoor space, along with a garage accessed from the rear alley for convenient off-street parking and storage. The layout and exterior configuration lend themselves well to the property's flexible residential and permitted daycare uses.Located in the Penrose neighborhood, the property enjoys convenient access to public transportation, including multiple bus routes. Outdoor and community amenities include Penrose Park, WC Handy Park, Tink Bradley Playground, and nearby community gardens. Just minutes away, Fairground Park provides additional recreational opportunities with expansive green space, trails, and lakes.The area also offers convenient access to I-70, I-55, and downtown St. Louis, connecting the property with employment centers, hospitals, educational institutions, and other destinations throughout the city. Neighborhood schools, community organizations, churches, and everyday conveniences are also within the surrounding area.With tenants occupying both levels, existing rental income, a fenced yard, rear garage, and the unusual benefit of an approved daycare variance for up to 18 children on the main level, 4655 Farlin Avenue offers an investor a combination of current income and long-term flexibility that is difficult to replicate.Income potential, long-term ownership, and the ability to perform as a productive real estate asset are the reasons this property was selected as part of the Penthouse Portfolio Collection.
Property Features
Property Type: Multi Unit - Multiple
Basement: Full, Unfinished
Basement: Yes
Cooling: Central Air
Garage: 2
Heating: Forced Air
Home Style: Apartment Style, Bungalow, Craftsman, Historic, Tradit
Lot Size: 0.07 Acres
Roof Type: Shingle
Taxes: $271
Year Built: 1939
Amenities
Breakfast Room
Built-in Features
High Speed Internet
Historic Millwork
Natural Woodwork
Separate Dining
Shower
Special Millwork
Storage
Tub
Wired for Data
Workshop/Hobby Area
Feature Descriptions
Appliances: Free-Standing Gas Oven, Gas Oven, Range, Free-Standing Range, Free-Standing Gas Range, Gas Range, Refrigerator, Water Heater
Days on Site: 1
Exterior: Brick
Fencing: Back Yard, Chain Link, Fenced, Gate, Partial
Laundry: In Basement, Lower Level, Washer Hookup
Lot: Back Yard, City Lot, Cleared, Few Trees, Front Yard, Level, Near Park, Near Public Transit, Rectangular Lot
Parcel#: 4406-02-0255-0
Parking: Additional Parking, Alley Access, Covered, Detached, Garage, Garage Faces Rear, Off Street, On Site, Side By Side
Parking Notes: Additional Parking, Alley Access, Covered, Detached, G
SQFT. Above Grade: 2074
Units: 2
Water: Public
Local Schools
High School: Sumner High
Middle School: Yeatman-Liddell Middle School
Elementary School: Ashland Elem. and Br.
School District: St Louis City
Listed By / Shown By
Listed By
Agency Name: Worth Clark Realty
Shown By
Agent Name: Mary M Nigh
Agent Phone: 314.578.5558
Agency Title: RedKey Realty Leaders
Estimate Your Payment
Estimated Payment
$ 596.56 per month $544.81 Principal & Interest $22.58 Property Tax $29.17 Homeowner's InsuranceChange Payment Information
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4655 Farlin Avenue | MLS# 26058822
This multi-family property located at 4655 Farlin Avenue , Saint Louis, MO 63115 is currently listed for sale with an asking price of $100,000. Farlin Avenue is located within the St Louis City school district. Search Saint Louis real estate on www.marymnighrealtor.com today.