Turnkey Section 8 Rental | Portfolio Opportunity

2100 S New Florissant Rd offers a strong turnkey rental opportunity for both new and experienced investors. This spacious 3-bedroom, 1.5-bath home spans over 1,300 square feet and is currently leased to a Section 8 tenant paying $2,145 per month, providing immediate and stable income.

This property is part of an 8-home single-family portfolio, which the seller prefers to sell as a package or in smaller groups, though each home is also available individually. The portfolio includes all 3-bedroom homes: six 3 bed/1 bath, one 3 bed/1.5 bath, and one 3 bed/2 bath. Currently, 6 of 8 homes are occupied, generating $8,140 in monthly rent, with projected rents reaching $10,640 once fully leased.

As leases turn, investors can increase rents further, with pro forma income exceeding $11,000 per month. Ownership has actively managed and maintained the properties, ensuring solid condition and consistent performance. Most tenants participate in Section 8, offering reliable income, while one unit rents at market rate.

The homes sit near one another, which improves operational efficiency and simplifies management. This portfolio provides an excellent opportunity to scale an existing portfolio or enter the market with stabilized, income-producing assets.