Portfolio of 21 homes located in north St. Louis county. The homes are a mix of 3, 2 and 1 bedrooms.
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 $450 for 5537 Janet and $715 for 1349 Gregan which would be an additional $13,980 annualized income if rented with no updates.
The home located at 1760 Elkins has comparable sale nearby of $145,000.
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.
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.
Most of the homes are located in very close proximity providing ease with maintenance and leasing.
The seller has recently completed several capital expenditure items and completed numerous turnovers when renting to new tenants.
The portfolio to be sold as-is.
Showings will be available with an accepted contract.
Rental comparable information was obtained by rentometer.com.
List of the Properties in the Portfolio:
Search the MLS below using the city, postal code, address or listing id of the desired property.