This package of 14 single family homes in St. Louis, County, MO, has everything you're looking for:
• Average rent is $1695/month
• 85% of leases are Sec 8
• Estimated 11.24% cap rate
• Thirteen of the 14 properties are leased.
• Pre-listing inspections have been completed on all properties and 360 virtual tours… Read More are available on 13 of the homes.
• Average tenant tenure of almost 6 years across occupied units, with two tenancies exceeding 10 years.
Priced at $1,500,000, this package has $285,000 in projected annual gross rental income.
This is an opportunity to secure scale, established rental income, and long-term potential in a single transaction. All 14 properties have undergone pre-listing inspections by an ASHI-certified inspector, providing buyers with additional insight into the condition of each home. Virtual 360 tours are also available on 13 of the 14 homes. The portfolio is offered as-is, with pricing reflective of the existing property conditions. No seller financing is available. Read Less
Listing courtesy of Terreri Team Realty LLC, 314-488-0494.
Listing Snapshot
Days Online
0
Last Updated
Property Type
5 Family Or More
Square Ft.
1,024
Lot Size
0.18 Acres
Year Built
1955
MLS Number
26070743
Additional Details
Basement
Full
Building
Built in 1955, Living area: 1024, 16 buildings, Construction Materials: Vinyl Siding
Cooling
Central Air
Disclosures
Occupancy Permit Required
Garage
1 space
Heating
Forced Air
Income
Gross Income: $284,736, Net Operating Income: $168,542
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Listings courtesy of Mid America Regional Information Systems Data Exchange as distributed by MLS GRID, based on information submitted to the MLS GRID as of . Information is provided exclusively for consumers' personal noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may be listed or sold by various participants in the MLS, who may not be the office/agent presenting the information.
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