Remarks

Rare opportunity to acquire a portfolio of 12 single-family homes providing an excellent blend of stability, income, and future upside potential. Each home features a minimum of 3 bedrooms and 1 bathroom, with one home 5 bedrooms and 2 bathrooms. 11 of the 12 homes are currently leased to qualified tenants, ensuring immediate and consistent rental income from day one. The current owners have invested approximately $180,000 into capital improvements and updates since 2022. A savvy investor could continue leasing these homes for years, capitalizing on steady income, and then sell individual properties to owner-occupants at a premium for top dollar. Significant upside exists by increasing rents to the market value, potentially boosting gross monthly income to over $10,000. This presents a compelling value-add opportunity for investors looking to optimize returns. Seller will be reviewing offers October 8th at 12:00pm. Please include a response time of October 9th at 12:00pm.

Details

MLS#: 24059841
Price: $1,195,000

Style: Low/1-2
Sq Ft: 11319
Year Built: 1954

County: St Louis
Subdivision: Frostwood 6
Lot Size: 100x100
Tax Fee: 15397

School Elementary: Wedgwood Elem.
School Middle: Ferguson Middle
School High: Mccluer High
School District: Ferguson-Florissant R-II