Cute 3/2 c.1938 Missouri Home $55K

$55,000

Featuring a functional 3-bedroom, 2-bath layout with 1,300+ sq. ft. of total living space, this Missouri home boasts durable hardwood floors, an expanded footprint via a partially finished basement, and abundant off-street parking. Perfect candidate for a high-yield rental, starter home transformation, or quick-turn value-add project.

Realtor Comments

New opportunity for investors! Newer roof, updated electrical panel. Main floor bathroom has been updated. Bring your vision and restore this home to what it can be! Sold as-is, including occupancy. Seller will not turn on utilities. Sold with all contents.

3bd
2ba
1,389sqft
4,487sqft lot
Circa 1938

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The Pros

Ultra-Low Real Estate Entry Point: Home prices in Velda Village Hills are among the lowest in the St. Louis metropolitan area. With median home values and list prices often sitting around $40,000 to $75,000, it presents a low-capital entry point for turn-key rental investors, flippers, or budget-conscious buyers.
Proximity to UMSL & Expressways: The village is located just minutes south of the University of Missouri–St. Louis (UMSL) campus and offers easy access to Interstate 70 and Natural Bridge Road. This makes commuting into downtown St. Louis (~15 minutes) or St. Louis Lambert International Airport (~10 minutes) very direct.
Public Transit Connections: Unlike many outer midwestern suburbs, Velda Village Hills is well-connected to MetroTransit bus routes and sits near MetroLink light rail stations serving the UMSL/North County corridor.
Solid Rental Demand: Because of its proximity to the university, airport employment hubs, and major transit routes, there is consistent local demand for affordable single-family and multi-family rental housing.

The Cons

Elevated Crime Rates: Property and violent crime rates in Velda Village Hills sit substantially above both state and national averages. Security measures, tenant screening (for landlords), and careful street-by-street evaluation are essential.
Economic Stagnation & Blight: Like several inner-ring municipalities in North St. Louis County, the area has struggled with decades of disinvestment, vacant properties, and declining tax bases, which impacts overall streetscapes and municipal services.
Lack of Walkable Local Amenities: There are virtually no retail corridors, grocery stores, cafes, or parks within the tiny municipal borders. Residents must drive or take transit to neighboring communities (like University City, Normandy, or Florissant) for everyday shopping and dining.
Underperforming Local Schools: The public school district serving the area (Normandy Schools Collaborative) has historically struggled with state accreditation, test scores, and resources, which can limit appeal for long-term owner-occupant families.
Fragmented Municipal Services: Being a tiny village within St. Louis County’s complex municipal system means reliance on small-scale local governance and contracted county services, which can result in inconsistent code enforcement and infrastructure maintenance over time.