Welcome to a great opportunity in the heart of the Penrose neighborhood: this stately 2-story, three-bedroom, 1½-bath home at 4534 Margaretta Ave presents solid potential for both investors and owner-occupants alike. Step inside and you’ll be greeted by generous living space (approx. 1,918 sq ft) with character details — from original woodwork and classic architectural touches to a layout that flows across two full levels. On the main level you’ll find the living room, dining area and convenient first-floor laundry; upstairs, three bedrooms and a bonus room or loft space offer flexible usage. This home is currently tenant-occupied on a month-to-month lease – providing immediate income or allowing future conversion to owner occupancy. The location is practical for easy access to local amenities, transit, and established community infrastructure in the 63115 ZIP code. With solid “bones” and room to add your personal touches, this property is ideal for a savvy rehab investment or a value-add home for the next owner. Whether you choose to hold as a rental or renovate and move in, the flexible terms make it an appealing proposition. Don’t miss your chance to take advantage of this value-forward offering in a neighborhood ready for renewal — schedule a look today and imagine the possibilities.