This package of 14 single family homes in St. Louis, County, MO, has everything you're looking for:
• Average rent is $1695/month
• 85% of leases are Sec 8
• Estimated 11.24% cap rate
• Thirteen of the 14 properties are leased.
• Pre-listing inspections have been completed on all properties and 360 virtual tours are available on 13 of the homes.
• Average tenant tenure of almost 6 years across occupied units, with two tenancies exceeding 10 years.
Priced at $1,500,000, this package has $285,000 in projected annual gross rental income.
This is an opportunity to secure scale, established rental income, and long-term potential in a single transaction. All 14 properties have undergone pre-listing inspections by an ASHI-certified inspector, providing buyers with additional insight into the condition of each home. Virtual 360 tours are also available on 13 of the 14 homes. The portfolio is offered as-is, with pricing reflective of the existing property conditions. No seller financing is available.
