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.
3 Beds
1 Bath
854 sq.ft
$0 per sq.ft
Ranch
$ 105,000
Active
0
26041434
3
1
854
Glasgow Village Unit 4
Unincorporated
Riverview Gardens
St Louis
Residential
Ranch
Residential
$1,242
Last 6 closed homes in this zip.
| Address | Bd/Ba | SqFt | List | Sold | Closed |
|---|---|---|---|---|---|
| 10167 Jepson Drive, Bellefontaine Neighbors, MO 63137 | 2/1 | 792 | $75,000 | $75,000 100% of ask |
Sep 4, 2026 |
| 10205 Gourock Drive, Unincorporated, MO 63137 | 3/1 | 932 | $110,000 | $110,000 100% of ask |
Sep 3, 2026 |
| 10147 Jepson Drive, Bellefontaine Neighbors, MO 63137 | 2/1 | 888 | $99,900 | $98,500 98.6% of ask |
Sep 3, 2026 |
| 1124 Grenshaw Drive, Bellefontaine Neighbors, MO 63137 | 2/1 | 792 | $69,900 | $60,000 85.8% of ask |
Sep 3, 2026 |
| 343 Midridge Drive, Riverview, MO 63137 | 4/2 | 1,058 | $1,475 | $1,500 101.7% of ask |
Aug 31, 2026 |
| 901 Fontaine Place, Bellefontaine Neighbors, MO 63137 | 2/2 | 864 | $129,900 | $124,500 95.8% of ask |
Aug 31, 2026 |
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Don't miss out on this amazing 3-bedroom, 1 bath ranch home in very desirable neighborhood in Bellefontaine Neighbors! Charming move-in ready home has over 2000 livable sqft Features and updates include: Updated Luxury Vinyl Plank Floors, Updated Kitchen and Bathrooms, new AC condenser, contemporary lighting, and elegant paint. Spacious lower level has recreation area, utility/laundry area, and plenty of room for storage. Backyard has large patio perfect for entertaining and family gatherings. Minutes away from Bellefontaine Recreational Center, shopping, parks, public transit, I-270, and much, much more!
Welcome to this spacious 4 bedroom, 2 bathroom home, nestled in the quiet community of Bellefontaine Neighbors. This home features a separate living room and dining room that leads into a large, open kitchen and family area. 3 bedrooms and 2 bathrooms are available on the main level. The 2nd floor offers a 4th bedroom and an office area. An elevated deck in the backyard is perfect for barbecues and sunsets. The unfinished basement gives plenty of room for expansions and storage. Don't miss your opportunity to own a great home. ***Ramp can be removed upon closing***
Welcome to this St. Louis area home offering an excellent opportunity for buyers seeking comfort, convenience, and potential. This property features a functional layout with inviting living spaces and bedrooms that provide flexibility for private retreats, guest accommodations, a home office, or additional space to fit your lifestyle. The home offers the opportunity to create a place that reflects your needs while enjoying the benefits of an established neighborhood. Conveniently located near local shopping, dining, parks, schools, and major roadways, this home provides easy access to everyday amenities and surrounding areas. Whether you’re looking for a place to call home or a property with possibilities, this residence offers a great opportunity to bring your vision to life in a desirable St. Louis location.
