4582 Clarence Ave

PRIME INVESTMENT OPPORTUNITY: 2-Family Flat Across from O'Fallon Park - Perfect for Rehabbers & First-Time Flippers! Welcome to an exceptional opportunity in the heart of St. Louis! This solid 2-family flat sits directly across from the beautiful O'Fallon Park, offering unbeatable location and tremendous upside potential for the savvy investor ready to roll up their sleeves. LOCATION, LOCATION, LOCATION: Imagine owning a property with park views and green space right outside your door. O'Fallon Park is one of St. Louis's cherished community assets, providing residents with walking trails, recreational facilities, and that rare urban commodity - open space. This location alone sets your investment apart, offering future tenants or homeowners a lifestyle advantage that commands premium rents or resale value. This property was impacted by the devastating tornadoes that struck St. Louis on May 16, 2025. While many properties in the area suffered catastrophic damage, this building's bones remain strong. The roof has already been professionally repaired and secured, eliminating one of the most critical and expensive components of the restoration process. This means you can focus your rehab budget on the interiors, where your sweat equity and design choices will create the most value. BUILDING SPECIFICATIONS: - True 2-family configuration with separate units - Each unit features 2 bedrooms, 1 bathroom - Central air conditioning systems in both units - Full basement with dedicated washer/dryer hookups for each unit (a major selling point for tenants!) - New roof already installed and weather-tight - Both units are vacant and ready for your creative vision WHY THIS IS PERFECT FOR FIRST-TIME FLIPPERS: Starting your real estate investment journey can feel overwhelming, but this property offers the ideal entry point. The 2-family structure provides multiple exit strategies. Rehab both units and hold as a rental property, generating dual income streams. Complete one unit at a time, living in one while renting the other to offset your mortgage. Or renovate and sell to an owner-occupant or another investor. The flexibility is built right into the property. THE NUMBERS MAKE SENSE: St. Louis offers some of the most affordable real estate in the nation, making it possible to enter the investment market with manageable capital requirements. Paired with strong rental demand in established neighborhoods near amenities like O'Fallon Park, this property represents the kind of value-add opportunity that builds wealth. RENOVATION ROADMAP: For the hands-on investor, this is a manageable project scope. Two 2-bedroom units mean eight rooms plus bathrooms and kitchens - substantial enough to build real equity, but not so overwhelming that you'll be underwater for years. Set your timeline, create your budget, and execute your plan knowing the building envelope is secure. THE VISION: 68This is more than a damaged property needing repairs. This is your opportunity to create something special while building your real estate portfolio. The hardest decision has been made for you - the roof is done. Now comes the exciting part: designing, renovating, and bringing this property back to life while building equity with every improvement. Don't let this opportunity pass by. Properties across from parks in established St. Louis neighborhoods don't stay available long, especially at value-add pricing. Whether you're launching your flipping career or adding to your rental portfolio, this 2-family flat offers the location, structure, and potential that successful investments are built on. Your real estate journey starts here. Are you ready to make your move? THIS IS AN "AS-IS" PROPERTY.