810 Walters Dr., Ferguson, MO 63135
$925,000 (Under Contract)

21 Value Add Single Family Portfolio I

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Invest in St. Louis

21 single-family rental homes for sale. The majority of the 21 homes are occupied with the tenants paying rent. There is the potential to increase rents significantly both as-is and with additional updates. 

Average rent for the homes is $899 a month based on similarly sized rental homes with the same bedroom and bathroom count in the same zip codes. 

Rent prices for the vacant units are set at $550 for 6120 Behle, $670 for 7128 Dawson, $855 for 5519 Hamilton, $550 for 5430 Janet, and $677 for 7129 Lamont which would be an additional $39,624 annualized income if rented with no updates.

There is also potential to update the homes and sell them retail to owner occupants in the future. There are numerous similarly sized updated homes selling for over $100,000 nearby. 

The seller has recently completed several capital expenditure items, and completed numerous turnovers when renting to new tenants.

There is a management company in place that has been managing properties for 19 years located near the homes, management services can remain in place after the sale if desired.

20 of the 21 homes are located in North County and one home is located in South City.

Many of the homes are located in very close proximity providing ease with maintenance and leasing. 

Homes are to be sold as-is.

Showings will be available with an accepted contract.

Rental comparable information was obtained by renotmeter.com.

 

Properties included in this portfolio:

  • 7128 Dawson Pl., Jennings, MO 63136
  • 7011 Florence Pl., Jennings, MO 63136
  • 5519 Hamilton Ave., Jennings, MO 63136
  • 5713 Hamilton Ave., Jennings, MO 63136
  • 5307 Helen Ave., Jennings, MO 63136
  • 5325 Helen Ave., St. Louis, MO 63136
  • 5647 Hodiamont Ave., Jennings, MO 63136
  • 5715 Hodiamont Ave., Jennings, MO 63136
  • 7068 Idlewild Ave., Jennings, MO 63136
  • 5430 Janet Ave., Jennings, MO 63136
  • 5432 Janet Ave., Jennings, MO 63136
  • 5510 Janet Ave., Jennings, MO 63136
  • 7129 Lamont Dr., St. Louis, MO 63136
  • 6361 Minnie Ave., St. Louis, MO 63136
  • 6018 Louisiana Ave., St. Louis, MO 63111
  • 7136 Lillian Ave., St. Louis, MO 63121
  • 6827 Normandale Dr., St. Louis, MO 63121
  • 3117 Thelma Ave., St. Louis, MO 63121
  • 6120 Behle Ave., Ferguson, MO 63135
  • 266 S. Harvey Ave, Ferguson, MO 63135
  • 810 Walters Dr., Ferguson, MO 63135

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Property Details:
Square Footage: 21205 County: St. Louis City Units: 20+ Condition: Rehab Needed Occupancy: Some Units Vacant Parking: Off Street Parking, On Street Parking Heating: Electric Heat, Gas Heat Cooling: Central Air, Window Units, Central Gas, Central Electric Construction: Brick, Siding Basement: Other
Home Amenities:
Agent Details:
Owner / Broker: Jordan Schoen Phone: (314) 255-5117 Fax: (314) 480-7053
Contact Agent: Please use the form below to contact agent Jordan Schoen about this listing.

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