St. Louis, MO 63136
$950,000 (Listed Sold)

22 Single Family Home Portfolio

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Invest in St. Louis

Portfolio of 22 homes located in north St. Louis County. 21 of the 22 homes are rented and all of the tenants are paying. The 21 occupied homes are currently paying $13,440 a month which is $161,280 annualized. Expenses are $3,796 a month and $45,555 annually. The cap rate for the portfolio is 12.9% based on current income and expenses. The vacant home is being made rent-ready and market rent is $750, with that home rented the portfolio could generate an additional $9,000 annually. The homes are a mix of 3, 2 and 1 bedrooms. One home could be worth approximately $150,000 if it were sold retail to an owner occupant when the tenant moved out and the home was prepped for sale. Another home could be worth $100,000 if it were updated and sold to an owner occupant. Portfolio to be sold as-is with no financing contingencies. Contact listing agent for more detailed information.

Property Location

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Property Details:
Square Footage: N/A County: St. Louis County Units: 20+ Condition: Turn Key Occupancy: Some Units Vacant Parking: Garage, Off Street Parking, On Street Parking Heating: Electric Heat Cooling: Central Air Construction: Brick, Siding, Frame Basement: N/A
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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