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Pending
  • Listing Provided by: 

    Tamika G Evans 314-384-2440,

    Elevate Realty, LLC

    $39,900

    404 Lancashire Rd, Saint Louis, MO 63137

    4beds
    1,215sqft
    : 
    Single Family Residence
    Built in 1951
    6,629.83 Square Feet Lot
    $-- Zestimate®
    $33/sqft
    $-- HOA

    What's special

    Hurt people, hurt homes. Each of the five homes in this package have been abused, abandoned, and are now waiting for someone with vision to bring them back to life. Are you a visionary investor ready to embrace the challenge and reap the rewards of transforming these neglected properties? Many possibilities exist: 1) Buy, clean them up, and flip them to an end investor willing to perform a full renovation. 2) Buy, perform rental-grade rehabs, and add them to your own portfolio for positive cash flow. 3) Or complete quality rehabs and sell to first-time home buyers eager for affordable, move-in ready homes in a market with limited inventory. All five homes are located within a two-mile radius of each other, making it incredibly efficient to manage crews, materials, and progress. Whether you self-perform work or use subcontractors, you’ll appreciate how much time and money this proximity saves. Imagine your contractors being able to move from one property to the next in minutes—no wasted travel time, no logistical headaches. This cluster investment model is ideal for experienced investors looking to scale operations, establish consistent project flow, and boost ROI through shared labor, materials, and overhead. Newer investors looking to enter the St. Louis market can also benefit from acquiring multiple properties at once, building instant portfolio depth and leverage. Other investor advantages include: 1) Ability to stagger renovations and resales for steady cash flow; 2) Option to refinance or package the properties as a performing rental portfolio; 3) Increased control over neighborhood value through improvements; 4) Streamlined management and maintenance with centralized locations. With a bit of TLC and imagination, you can turn these dilapidated dwellings into happy, habitable homes—ready to serve their purpose once again. Investor bonus: properties in this area have seen an uptick in rental demand as affordable housing options continue to shrink. Rents in comparable neighborhoods are rising steadily, providing an opportunity for strong returns once renovations are complete. With the right strategy, you could rehab and rent several units, then refinance to pull equity and reinvest in your next project—all while maintaining ownership of appreciating assets. Each property offers its own unique potential—some better suited for a medium rehab and fast turnaround, others calling for a deeper renovation that will yield higher long-term value. The diversity within this package allows investors to balance short-term gains with long-term appreciation. Bulk deals like this are rare, especially ones that offer immediate upside with such low acquisition costs. Whether your strategy is buy-and-hold, fix-and-flip, or value-add rental creation, this portfolio delivers multiple exit strategies under one umbrella. If you’ve been looking for an opportunity to expand your footprint, lower per-unit costs, and increase your overall yield, this is it. Consult your chosen professionals, assess the scope of work, and turn this deal into dollars! Sold as is. Seller will not pay for or perform any inspections or repairs. Package deal of 5 SFR homes listed @ $134,550, reflecting a 10% discount off the individually priced listings. MLS #’s: 25070211, 25070210, 25070208, 25070207, 25070206. Disclaimer: Information provided in the MLS is deemed reliable but not guaranteed. All buyers and their representatives are encouraged to verify all details, including property condition, features, and amenities, to satisfy themselves prior to purchase.
    81 days
    |
    3
    |
    0
    |

    Likely to sell faster than

    Zillow last checked: 8 hours ago

    Listing updated: November 04, 2025 at 12:18pm

    Listing Provided by:

    Tamika G Evans 314-384-2440,

    Elevate Realty, LLC

    Source: MARIS,MLS#: 25070208MLS LogoOriginating MLS: St. Louis Association of REALTORS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 1
    • Full bathrooms: 1
    • Main level bathrooms: 1
    • Main level bedrooms: 4
    Heating
    • Forced Air, Natural Gas
    Cooling
    • Central Air
    Appliances
    • Included: None
    Features
    • Basement: Concrete,Full
    • Has fireplace: No
    Interior area
    • Total structure area: 1,215
    • Total interior livable area: 1,215 sqft
    • Finished area above ground: 1,215

    Property

    Features
    • Levels: One
    Lot
    • Size: 6,629.83 Square Feet
    Details
    • Parcel number: 11E621781
    • Special conditions: Listing As Is

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Bungalow,Ranch
    • Property subtype: Single Family Residence
    Materials
    • Frame
    Condition
    • Fixer
    • New construction: No
    • Year built: 1951

    Utilities & green energy

    • Electric: Ameren
    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Electricity Connected, Electricity Not Available, Natural Gas Connected, Natural Gas Not Available, Sewer Available, Sewer Connected, Water Connected, Water Not Available

    Community & HOA

    Community
    • Subdivision: Glasgow Village Unit 3
    HOA
    • Has HOA: No
    Location
    • Region: Saint Louis

    Financial & listing details

    • Price per square foot: $33/sqft
    • Tax assessed value: $62,500
    • Annual tax amount: $1,244
    • Date on market: 10/29/2025
    • Cumulative days on market: 82 days
    • Listing terms: 1031 Exchange,Cash
    • Electric utility on property: Yes
    Get pre-qualifiedBe ready to make an offer.
    Connect with an agentGet info on this home, tour, and more.
    Calculate monthly paymentSee if you can afford this home.

    Estimated market value

    Not available

    Estimated sales range

    Not available

    Not available

    Price history

    Price history
    DateEventPrice
    11/4/2025Pending sale$39,900$33/sqft
    Source: MARIS #25070208 Report a problem
    10/29/2025Listed for sale$39,900-6.1%$33/sqft
    Source: MARIS #25070208 Report a problem
    2/22/2009Listing removed$42,500$35/sqft
    Source: NRT StLouis #80071270 Report a problem
    1/31/2009Price change$42,500-10.5%$35/sqft
    Source: NRT StLouis #80071270 Report a problem
    1/2/2009Listed for sale$47,500$39/sqft
    Source: NRT StLouis #80071270 Report a problem

    Public tax history

    Public tax history
    YearProperty taxesTax assessment
    2024$1,244 +1.4%$11,880
    2023$1,227 -3.5%$11,880 +23%
    2022$1,271 -2.8%$9,660

    Find assessor info on the county website

    BuyAbility℠ payment

    Est. payment
    $207/mo
    Principal & interest
    $155
    Property taxes
    $38
    Home insurance
    $14

      Climate risks

      Neighborhood: 63137

      Nearby schools

      GreatSchools rating
      Schools provided by the listing agent
      • Elementary: Danforth Elem.
      • Middle: R. G. Central Middle
      • High: Riverview Gardens Sr. High

      Source: MARIS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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