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… Read More 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. Read Less
Listing courtesy of Invest St. Louis, 314-325-6201.
Listing Snapshot
Days Online
18
Last Updated
Property Type
Single Family Residence
Beds
3
Full Baths
1
Square Ft.
768
Lot Size
0.15 Acres
Year Built
1954
MLS Number
26041438
Additional Details
Basement
Basement: Full, Basement
Building
Above Grade Finished Area: 768 Sq.Ft., Above Grade Finished Area Source: Public Records, Architectural Style: Ranch, Construction Materials: Vinyl Siding, Levels: One, Living Area: 768 Sq. Ft., 5 total rooms, Year Built: 1954
Cooling
Cooling: Central Air
Disclosures
Disclosures: None
Heating
Heating: Forced Air
Lot
Features: Level, Lot Size Acres: 0.1492, Lot Size Square Feet: 6499.15 Sq.Ft.
Property
Property Sub Type: Single Family Residence
Sewer
Public Sewer
Taxes
Annual Tax Amount: 845, Tax Year: 2025
Utilities
Electricity Available: Ameren, Utilities: "Electricity Connected", "Natural Gas Connected", "Sewer Connected", "Water Connected", Water Source: Public
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