1516 Farmview Ave, Saint Louis, MO 63138

PASSED OCCUPANCY INSPECTION! $2,500 Seller Credit towards cosmetics, etc. with GOOD offer! Investor alert with first-time homebuyer appeal! This well-maintained 3-bedroom, 1.5-bath ranch in a quiet established St. Louis County neighborhood offers excellent rental potential and long-term value. With a NEW roof, NEW windows, fresh paint, and a partially finished basement, this home is ideal for investors seeking a low-maintenance, turnkey property, while also remaining a great option for first-time buyers looking for affordability and equity opportunity.nnInside, the home features three comfortable bedrooms with ample closet space, including a primary bedroom with its own private half-bath ensuite, a major convenience feature for both tenants and owner-occupants. The living spaces include a bright living room with a large picture window and a cozy family room with a decorative fireplace-flexible, appealing spaces that enhance livability and rental demand. The partially finished lower level provides valuable bonus space for recreation or storage, adding more functional square footage. An attached one-car garage, fenced and flat backyard, and recent updates further contribute to the home's appeal and low-maintenance profile.nnFor investors, estimated market rent ranges from $1,400 to $1,600 per month, creating strong cash-flow potential in a high-demand rental area. With major updates already completed, this home requires minimal turnover preparation and offers dependable perform