504 Robert Avenue,Ferguson, MO 63135
Ferguson, MO 63135
Description
Rare opportunity to acquire a 12-home single-family rental portfolio offered as one package in the St. Louis market. Located throughout Spanish Lake, Ferguson, and Unincorporated North St. Louis County, the properties are positioned within close proximity for efficient management and maintenance. The portfolio features a desirable unit mix of all 3- and 4-bedroom homes, creating strong tenant demand from both Section 8 voucher holders and market-rate renters. Professionally managed and largely renovated/rent-ready, the portfolio offers a strong mix of in-place income with immediate lease-up upside. Current gross rental income is approximately $11,519/month, with four vacant homes fully rent-ready and actively being leased. Seller anticipates at least two additional homes leased prior to closing, increasing in-place income to approximately $14,100/month. Fully stabilized pro-forma gross rental income is projected at approximately $16,700/month, with estimated annual operating expenses of approximately $53,000 and projected stabilized NOI of approximately $147,000/year. At the $1,350,000 asking price, the portfolio offers a projected stabilized cap rate approaching 10.9%. An excellent opportunity for investors seeking immediate scale, efficient scattered-site operations, dependable rental demand, and value-add upside through lease-up of rent-ready homes.
Details
| MLS # | 26041375 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1954 |
| Days On Site | 89 |
| Listing Provided By | Invest St. Louis | Matt Guignon |
Features
| SQ Feet | 864 |
|---|---|
| Building(s) | 12 |
| Acreage | 0.09 |
Interior
| Cooling | Central Air |
|---|---|
| Heating | Forced Air |
Exterior
| Construction Materials | Vinyl Siding |
|---|
Location
| Senior Community Yes / No | No |
|---|
Taxes
| Property | 1398 |
|---|
Area Information
| State | MO |
|---|---|
| County | St. Louis |
| City | Ferguson |
| Zip Code | 63135 |
| Area | McCluer |
| Community Name | Ferguson Park |
| School District | Mccluer High |
| Elementary School | Griffith Elem. |
| High School | Mccluer High |
| Listing VS Median (in Ferguson Park) | |
Price: $1,349,000 low | high Med: $111,450 sqft: 864 low | high Med: 990 $ / sqft: $1,561 low | high Med: $116 On site: 89 low | high Med: 88.5 | |
Market Activity 63135
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Listings courtesy of Maris MLS as distributed by MLS GRID.
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Learn More About This Property
| State | MO |
|---|---|
| County | St. Louis |
| City | Ferguson |
| Zip Code | 63135 |
| Area | McCluer |
| Community Name | Ferguson Park |
| School District | Mccluer High |
| Elementary School | Griffith Elem. |
| High School | Mccluer High |
| Listing VS Median (in Ferguson Park) | |
Price: $1,349,000 low | high Med: $111,450 sqft: 864 low | high Med: 990 $ / sqft: $1,561 low | high Med: $116 On site: 89 low | high Med: 88.5 | |
