2408 Penn St
🏡 Investment Opportunity | 2408 Penn St, St. Joseph, MO 64507
Don’t miss this 3 bedroom / 1 bathroom value-add opportunity in St. Joseph! This home features an open-concept living and dining area, creating a spacious layout that appeals to both renters and future retail buyers.
Inside, the property is in livable condition but would benefit from cosmetic updates and refreshing throughout. The kitchen and bathroom could use light renovation and modernization, along with minor interior repairs to maximize the home’s potential.
The home offers a flexible layout, with the third bedroom located in the finished attic, making it a great option for added living space, a bedroom setup, office, or bonus room.
Major mechanicals provide a solid baseline — the furnace and water heater are currently functioning properly, and the electrical appears to be updated, helping reduce the number of unknowns commonly found in older homes.
Exterior improvements include siding repair and paint, along with a new roof. Additionally, one foundation wall shows some bulging and will likely need attention, making this a strong project for an investor ready to address structural items in exchange for upside.
✅ ARV: $155,000–$160,000
💰 Asking Price: $65,000
🔧 Expected Repairs: ~$35,000 (plus foundation evaluation/repair as needed)
Great potential here for a flip or long-term rental hold with the right improvements.
ARV: $155,000-160,000
Asking Price: $65,000
Estimated Rehab: $35,000 (plus foundation evaluation/repair as needed)
Estimated Rent: $1000/mo
*Rehab descriptions are provided as a courtesy. We strive to help investors have a better understanding of possible needs and numbers. Information provided here is NOT an exhaustive scope of work nor is it a bid for contractor and labor. Please do your own due diligence as numbers/ARV are not guaranteed; they are based on our current knowledge of the property/market, experience, and a quick walk through.