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.

Fully renovated 2 family in the heart of The Grove featuring large 3 bed 2 bath townhome units. The historic renovations included updating with modern kitchens and baths, updated systems including 200amp electric service, new HVAC systems, updated plumbing, lateral replacement, roof replacement, tuckpointing, window replacement, refinishing original hardwood floors, etc. Buildings are 2,936 sq ft with units that are each approximately 1,468 sq ft. Unit 924 is rented for $1,745 a month and unit 926 is rented for $1,695 a month. There is the potential to raise rents- similar size apartments have rented from $1,950-$2,200 nearby recently. Expenses and maintenance costs are low, annual expenses are $5,041. The building is tax abated through 2027. There are two almost identical buildings on that block for sale so there is the potential to purchase all 3 buildings which are the only buildings on the block. The other addresses that can be purchased are 916-918, 920-922 Talmage.

Fully renovated 2 family in the heart of The Grove featuring large 3 bed 2 bath townhome units. The historic renovations included updating with modern kitchens and baths, updated systems including 200amp electric service, new HVAC systems, updated plumbing, lateral replacement, roof replacement, tuckpointing, window replacement, refinishing original hardwood floors, etc. Buildings are 2,936 sq ft with units that are each approximately 1,468 sq ft. Unit 920 is vacant and 922 is rented month to month at $1,700. There is the potential to raise rents- similar size apartments have rented from $1,950-$2,200 nearby recently. Expenses and maintenance costs are low, annual expenses are $5,041. The building is tax abated through 2027. There are two almost identical buildings on that block for sale so there is the potential to purchase all 3 buildings which are the only buildings on the block. The other addresses that can be purchased are 916-918, 924-26 Talmage.