Investor opportunity! 1277 Admiral Drive is a single-family rental home currently leased for $1,100/month through 11/30/2026. The tenant has been in place for approximately five years and has a consistent on-time payment history. The home offers steady in-place income with potential upside over time. If the tenant were to move… Read More out, the property could benefit from light cosmetic updates, creating an opportunity to increase rents closer to market. Seller is acting as Power of Attorney for an inherited four-home portfolio and would prefer to sell this property together with the other three homes. The portfolio includes two occupied homes and two vacant, move-in-ready homes, with expected total portfolio income of approximately $4,900/month. The properties are located in close proximity to one another, creating operational efficiencies and making them easier to manage. This is a light value-add rental opportunity in an area with strong market-rate and Section 8 rental demand. The two vacant homes are in good condition and could likely be rented with little to no work needed, while the two occupied homes are below market rent and offer future upside through light make-readies and rent growth as leases allow. An excellent opportunity for a first-time investor or a seasoned operator looking to add a manageable rental portfolio in the area. Property to be sold along with: 258 Becker Dr - MLS# 26036458 8838 Park Ln - MLS# 26036203 2823 Meadowlark Ave - MLS# 26036063 Read Less
Listing courtesy of Invest St. Louis, 314-325-6201.
Listing Snapshot
Days Online
0
Last Updated
Property Type
Single Family Residence
Beds
2
Full Baths
1
Square Ft.
946
Lot Size
0.26 Acres
Year Built
1954
MLS Number
26036113
Additional Details
Basement
Basement: "Full", Basement
Building
Above Grade Finished Area: 946 Sq.Ft., Above Grade Finished Area Source: Public Records, Architectural Style: "Traditional", Below Grade Finished Area: 0 Sq.Ft., Construction Materials: "Brick", Levels: "One", Living Area: 946 Sq. Ft., 4 total rooms, Year Built: 1954
Cooling
Cooling: "Central Air"
Disclosures
Disclosures: "None"
Garage
Garage Included
Heating
Heating: "Forced Air"
Lot
Features: "Back Yard", Lot Size Acres: 0.2608, Lot Size Square Feet: 11360.45 Sq.Ft.
Property
Property Sub Type: Single Family Residence
Sewer
"Public Sewer"
Taxes
Annual Tax Amount: 1974, Tax Year: 2025
Utilities
Electricity Available: "Ameren", Water Source: "Public"
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