$ 105,000
-
$105,000
Price -
3
Bed -
1
Bath -
864
SqFt
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About the Listing INVS01 - MGUIGNON,JSCHENCK
Rare opportunity to acquire a 12-home single-family rental portfolio offered as one package in the St. Louis market. Located throughout Spanish Lake, Ferguson, and Unincorporated North St. Louis County, the properties are positioned within close proximity for efficient management and maintenance. The portfolio features a desirable unit mix of all 3- and 4-bedroom homes, creating strong tenant demand from both Section 8 voucher holders and market-rate renters. Professionally managed and largely renovated/rent-ready, the portfolio offers a strong mix of in-place income with immediate lease-up upside. Current gross rental income is approximately $11,519/month, with four vacant homes fully rent-ready and actively being leased. Seller anticipates at least two additional homes leased prior to closing, increasing in-place income to approximately $14,100/month. Fully stabilized pro-forma gross rental income is projected at approximately $16,700/month, with estimated annual operating expenses of approximately $53,000 and projected stabilized NOI of approximately $147,000/year. At the $1,350,000 asking price, the portfolio offers a projected stabilized cap rate approaching 10.9%. An excellent opportunity for investors seeking immediate scale, efficient scattered-site operations, dependable rental demand, and value-add upside through lease-up of rent-ready homes.
Listing Highlights
Status
Active
Days on Site
18
Property Type
Residential
MLS ®
26041453
Year Built
1959
Total Square Footage
864
Lot/Acreage
0.14
County
St. Louis
Neighborhood
Larimore Hills Blk Pts 9 Thru 15 Resub
Area
46 - Hazelwood East
School District
Hazelwood
Elementary School
Larimore Elem.
Middle School
Southeast Middle
High School
Hazelwood East High
Interior Details
- Bedrooms: 3
- Bathrooms: 1 Full
- Appliances:
- Air Cond: Central Air
- Heating: Forced Air
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 864
- Below Ground Sq Ft: n/a
- Basement: Full
- Other:
- Water: Public
Exterior Details
- Lot Description: Level
- Garage Capacity: N/A
- Roof:
- Others:
- Sewer: Public Sewer
Financial Details
- Tax Amount: $1,944
- Taxes w/Assessments: N/A
- Tax/Property ID: 09E-62-0295
- Tax Year: 2025
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1226 Baron Ave Spanish Lake, MO 63138
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