Info on South City, St. Louis

[Rochelle Flowers]

Hey BP members,

I am in contact with seller from St. Louis who is looking to sell their property located in the South City area.  I did a quick search on the forums and it's looking like the neighborhood is iffy.  Can someone knowledgeable from the area confirm this for me?

Also, can anyone recommend a great property management company that will serve that area as well? The seller mentioned he used one previously and was unhappy with them. 

Thanks in advance!

Rochelle

[Mackal Smith]

I have a duplex on Virginia about 2 blocks from Marquette park (actually its like 2 doors down from Urban Eats). I get $750/$700 per month. The thing with South City is it truly is block by block. This duplex I have on Virginia has been a cash cow for the last year. 2 bedrooms usually go for between $675 and $800 in this area depending on the shape they're in and whether they have garages or off-street parking. Single bedrooms usually go for $450 to about $550 depending in the same things. All in all that area is relatively safe... You probably still hear a gunshot or 2 from time to time but in terms of cash flow the area works great. Don't bet on appreciation. You are lucky if properties appreciate 2 to 5% over 5 years...