The neighborhood of Carondelet would be a good place to start if you are looking to buy investment property in St. Louis, Mo. Whether you are looking for investment property to hold and flip are to rent out, The Carondelet area is a buyer's market! I should know, I currently own a rental property there myself. In fact I know the area beter than most , I was born in Carondelet and went to grade school there. St. Louis property values, like most major cities are down! The problem is you want to buy investment property or a home for yourself in an area that is either stable or improving! I believe Carondelet is one of the better areas of St. Louis, Mo. New homes are being built within walking distance of Carondelet Park, a 180 acre park right in the heart of the neighborhood! There is easy access to Interstate Highway 55 that puts you less than 10 miles from Downtown St, Louis! In the other direction, you are right at the edge of St. Louis County and less than 5 miles from the new Casino in Lemay!
Carondelet was originally a city itself, named in 1794 for the Baron de Carondelet and was merged with the City of St.Louis in 1870. Having lived there from 1950-1969 and I still have relatives who live in the area, I am very familiar with the stlyes of homes and the real estate market. It has always been a blue-collar area and would be ideal for anyone wanting to live there or buy investment property, it is close to either South County or Downtown. This office Iwork out of is about 15 minutes from there and our group has 2 other offices that are even closer.
If you are looking to buy a home in Carondelet or any other area around St. Louis please feel free to call, text or email me.