Calling all investors, rehabbers, and ambitious DIYers -- this is your next big project. Located in the heart of South St. Louis, 720 Erskine Avenue offers a rare chance to own a single-family home on a generous lot for under $50,000. Built in 1904, this property is not move-in ready and requires extensive renovation -- but the upside is undeniable. Sitting on nearly 5,000 sq ft of land, this home offers potential for transformation, whether you're planning a flip, rental, or personal project. With comps in the area selling between $125K-$150K post-renovation, this is a prime value-add opportunity. Also, the house is only a short walk away from Imo's and local convenience store. Property features 1 bedroom, 1 bathroom, and a classic layout ready to be reimagined. POSSIBLY SALVAGEABLE wood floors in family room and decent tile floor in kitchen. Central location near parks, public transit, and shopping. Investors will appreciate the low holding costs (2024 taxes approx. $1,579) and strong rental potential once brought up to modern standards. Home will not qualify for traditional financing -- cash or hard money only. Sold as-is. Bring your contractor, your vision, and get to work -- this one won't last. No disclosures to be provided.
