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$40,000

Whether your strategy is a flip, BRRRR, long-term rental, or creating instant equity as an owner-occupant, this partially renovated home offers a valuable head start that can shorten renovation timelines and reduce carrying costs. Owner-occupants may also wish to explore renovation financing options, such as FHA 203(k) or Fannie Mae HomeStyle® loans, allowing qualified buyers to finance both the purchase and eligible renovation costs in a single mortgage. Rather than spending valuable time on demolition and cleanup, the next owner can focus on rebuilding, selecting finishes, and bringing the renovation to completion more quickly. By shortening the early phases of construction, this property offers the opportunity to reduce carrying costs and accelerate the path to rental income, resale, or long-term equity. The remaining renovation work is primarily focused on installing a new kitchen, completing the bathroom remodel, verifying and completing any remaining mechanical work, updating lighting and interior finishes, and adding the final details that bring the project across the finish line. Much of the labor-intensive demolition has already been completed and many of the finishes, including fresh paint throughout most of the main level, allowing the next owner to spend more time creating value instead of preparing for construction. Inside, the spacious living room is filled with natural light from an oversized picture window, while hardwood floors extend throughout much of the main level and appear well-preserved. The generously sized bedrooms provide comfortable layouts with ample closet space, creating an excellent foundation for a modern renovation. The kitchen has already been removed and prepared for a complete redesign, while the bathroom has been taken down to the studs, eliminating much of the labor-intensive demolition required before construction can begin. Proper green board drywall is ready for the bathroom finishes and can be left in the home if requested as an inclusion. Owner also owns gently-used kitchen cabinets from another home that could be included in the purchase if desired; ask agent for details. The full basement offers excellent ceiling height, abundant storage, workshop space, and future finishing potential, providing even more opportunities to add value. The sewer lateral was professionally hydro-jetted in late 2025, and electrical improvements appear to be underway. With much of the heavy lifting already completed, the next owner can devote more time and resources to the improvements that generate the greatest return instead of the earliest stages of demolition and deferred maintenance. Outside, the home features a deep driveway, mature trees that create a private backyard setting, and generous outdoor space. Conveniently located just 0.2 miles from MetroBus service, the property also offers quick access to I-270, Chambers Road, and Lewis & Clark Boulevard, placing Christian Hospital, UMSL, Boeing, Lambert-St. Louis International Airport, and the Hazelwood and Earth City employment corridors within an easy commute. The combination of public transportation, highway accessibility, and nearby employment centers supports strong long-term rental demand while providing convenience for future owner-occupants. Selected as part of the Penthouse Restoration Collection for its exceptional opportunity, untapped potential, and distinctive character, this home invites investors, renovators, and future homeowners to create lasting value through thoughtful restoration, strategic renovation, and inspired design.

2 Beds ⋅ 1 Baths ⋅ 26044977 MLS ⋅ ACTIVE Status

10068 Stimson Dr, St Louis