Opportunity to purchase a portfolio of 18 three and four bedroom single family homes located within a 4 mile radius in a suburban location in St. Louis County. These homes have been well maintained with a mix of section 8 and market rate tenants who pay their own gas and electric. With an 88% occupancy rate these homes would generate $158,400 annually and provide a normalized NOI of $79,229, an 11.3% Capitalization Rate.
ONLY OFFERS ON ENTIRE PORTFOLIO WILL BE CONSIDERED AT THIS TIME. PLEASE NO OFFERS ON SINGLE PROPERTIES.
Photos in this listing are of selected portfolio properties. Photos of all properties will be sent in marketing brochure upon request.
All properties lie within an approximate 4 mile radius of one another. Adjusting for outlying properties, 15 of 18 properties are within an approximate 2 mile radius of one another. See area map below.
Jordan Schoen – 314.255.5117 – firstname.lastname@example.org
William Springer – 314.817.6620 – email@example.com
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