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Chad Klein

chadkleinrealty@gmail.com +1(618) 979-5271

$ 105,000

Est. payment | -/mo

3 Beds

1 Bath

854 SqFt

Save

$ 105,000

Est. payment | -/mo

Save

3 Beds

1 Bath

854 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 854 sqft

Price per Sqft $122

Subdivision Glasgow Village Unit 4

MLS Listing ID 26041434

Style Ranch

Bedrooms 3

Full Baths 1

Year Built 1953

Annual Tax Amount $1,242

Lot Size 6,499 Sqft

Acres 0.1492

Property Sub-Type Single Family Residence

Property Description

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.

Location

State MO

County St. Louis

Area 31 - Riverview Gardens

Rooms

Basement Full

Main Level Bedrooms 3

Interior

Heating Forced Air

Cooling Central Air

Fireplace N

Exterior

Parking Features false

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

View Y/N No

Building

Lot Description Level

Story 1

Sewer Public Sewer

Water Public

Level or Stories One

Structure Type Vinyl Siding

Schools

Elementary Schools Lewis And Clark Elem.

Middle Schools R. G. Central Middle

High Schools Riverview Gardens Sr. High

School District Riverview Gardens

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Package, Standard

Listed by Matt Guignon • Invest St. Louis

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(618) 979-5271

chadkleinrealty@gmail.com

IL, USA

310 Midlothian RD Unincorporated, MO 63137