Portfolio of 5 fully rented single-family homes for sale. These homes are currently rented for a total of $3,025 a month which is $36,300 when annualized. All tenants are paying rent. Expenses are approximately $750 a month for all 5 houses so when all of the homes are fully rented and paying there is a cap rate of approximately 18%. There is one 3 bed home, 2 two bed homes and 2 one bed homes. Portfolio to be sold together only and they are to be sold as-is. Properties shown with an accepted contract. Inquire for additional information regarding the homes.

This updated 3 bedroom 2 bath townhome in The Grove features updated kitchen and baths, hardwood floors, vinyl windows, PVC plumbing. updated electric and a private fenced backyard. There are high ceilings in the basement which would make it easy to make into a finished basement. This 1,583 sq ft townhome was built in 2001. Located close to all of the action on Manchester.

• This historic home built in 1884 was originally a two-family and has already been converted to a single-family.
• This 3 story home has tons of character and potential, there are hardwood floors, massive rooms with high ceilings, beautiful original fireplaces.
• The first two floors total 2,912 sq ft, there is a 3rd floor which is 705 sq ft with 400 sq ft on the 3rd floor having at least 7 ft of ceiling height that can be counted toward the sq ft for a total of 3,312 sq ft.
• The total sq ft for the homes is 3,617 including the 3rd floor sq ft which is not 7ft in height.
• There is a 5 car garage that had a fire and needs rehab. An inspector has inspected the garage and said it is salvageable and created a report which is available.
• There is some updated plumbing and electric and some vinyl windows.
• (11) 40 ft dumpsters and 4 large truckloads of items were removed from 4 levels of this home including the basement along with a full double lot and 5 car garage full of items. A shed was torn down and removed along with all yard overgrowth, security doors were added in front and back.
• New TPO roof and gutters were just installed on the 3rd floor roof October 2021. The second floor roof is in overall good condition and was cleaned up and resealed October 2021.
• The home is located on a double lot (125×50).
• 50 ft wide lot is large enough to split off and build another house with a 25 ft lot, sell off the lot or keep it with the house.
• Lots in 63104 have recently sold for $40,000-$120,000 depending on size and location. The estimated value of the double lot is approximately $45,000
• This would be a great project for an owner-occupant who could take full advantage of the state and federal tax credits if living there for 5 years. An investor that wants to rehab the home and resell could still take advantage of the 25% state credits which can also be sold.

$595,000 Estimated After Repair Value*

$275,000 +/- Potential tax credit eligible renovation costs*

$85,000 Potential equity*

$123,750 in potential tax credits from $275,000 tax credit renovation with 45% of qualified state and federal renovation costs*

$218,750 The potential combination of after repair equity and tax credits*

*These are estimated approximate numbers that will depend on a number of factors including updates and finishes, market conditions, qualified tax credit renovation costs, etc.

Wholesale single-family home located in The Grove near Forest Park, Washington University Medical Complex, and all of the shops and restaurants on Manchester. This 4 bedroom 1.5 bath 1,292 sq ft home was recently rented and would not take much to get rent ready again. Another option is a cosmetic renovation, retail this home could potentially sell in the high 200’s depending on finishes. The home backs up to $500,000 new construction homes on Vista and there are new construction single-family homes on all sides, also a $40M apartment complex is being built at the end of the street called “Union At The Grove”. Home features hardwood floors, central air, plumbing, and electricity is updated and functional. Property to be sold as-is.

Welcome investors, this 2 bedroom home, possible 3rd bedroom in the finished attic, would make a great addition to your rental portfolio. Cash flowing and generating $900/month with a section 8 tenant (lease ends 3/31/2022). Brand new sewer lateral was put in last year when the home was rehabbed by the current owner. Currently managed by CBS Properties, with intention to continue to manage the property upon closing if requested. No showings without an accepted contract, make us an offer!

Welcome investors! Slab home with great bones being sold AS IS. With some TLC this could be a great home as either a rental or a flip. Please use caution when entering the property, and bring your flashlights as well!

20 Single-family rental homes for sale. All of the 20 homes are occupied with all of the tenants paying rent. There is a management company in place that has been managing properties for 17 years that is located near the homes and can stay in place after the sale if desired. With the 20 homes rented the monthly gross income is $12,320 which annualized is $147,840. Annual expenses are $40,797 with management expenses included which is approximately a 13% cap rate based on current occupancy. 19 of the 20 homes are located in north county and one home is located in south city. 6 of the 19 tenants are section 8 tenants. Homes are to be sold as-is. Showings with an accepted contract.