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
2 Baths
850 sq.ft
$0 per sq.ft
Ranch
$ 109,000
Active
0
26041444
3
2
850
Castle Point Unit 3
Unincorporated
Riverview Gardens
St Louis
Residential
Ranch
Residential
$1,673
Last 6 closed homes in this zip.
| Address | Bd/Ba | SqFt | List | Sold | Closed |
|---|---|---|---|---|---|
| 9825 Dennis Drive, Unincorporated, MO 63136 | 3/2 | 1,032 | $125,000 | $117,500 94% of ask |
Sep 3, 2026 |
| 9299 Lucas And Hunt Road, Unincorporated, MO 63136 | 2/2 | 1,204 | $68,000 | $62,000 91.2% of ask |
Sep 3, 2026 |
| 2201 Hollis Drive, Moline Acres, MO 63136 | 3/1 | 1,392 | $89,900 | $88,000 97.9% of ask |
Sep 3, 2026 |
| 2515 Burchard Drive, St Louis City, MO 63136 | 3/2 | 1,080 | $124,900 | $125,000 100.1% of ask |
Sep 2, 2026 |
| 8970 Jennings Station Road, Jennings, MO 63136 | 0/0 | -- | $2,000 | $3,000 150% of ask |
Sep 1, 2026 |
| 10403 Saint Ives Drive, Dellwood, MO 63136 | 3/2 | 1,026 | $165,000 | $165,000 100% of ask |
Aug 31, 2026 |
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Remarkable spacious 2-bedroom 2 full bath ranch style brick home located in the quietest and well-kept neighborhood you have ever seen. Located on the lower level of the home is a full bath and an extra room with a closet that can be used as a spare bedroom. Hardwood floors flow throughout the home from the living room, dining room and upper-level bedrooms. Kitchen boast of ceramic tile floors, ceramic/stone/glass back splash above the stainless-steel sink, stainless steel gas range/oven, stainless steel refrigerator, and stainless-steel hood range over the stove. Fenced in back yard perfect for family gatherings. Also, on the lower level there is a laundry room with a washer and dryer connect for the tenants. Home is move in ready and has passed all city inspections just waiting for you and your family to enjoy. NO PETS, NO PRIOR EVICTIONS, income 3x monthly rent. Background and credit check required
Welcome to this beautifully renovated 2-bedroom, 1-bath single-family residence situated on nearly half an acre! Offering just over 1,000 square feet on the main level, this home has been thoughtfully updated from top to bottom and is truly move-in ready. The full rehabilitation includes a brand-new kitchen featuring new cabinets and countertops, fresh interior paint, luxury plank vinyl flooring, new carpet, and updated baseboards throughout. The bathroom has been completely refreshed with new tile and modern finishes. Additional improvements include new windows, roof, siding, soffit, fascia, gutters, and fencing, providing both peace of mind and excellent curb appeal. The expansive lot offers plenty of room for outdoor enjoyment, gardening, entertaining, or future possibilities. With its combination of extensive updates, functional living space, and nearly half an acre of land, this property is a great opportunity for a buyer looking for a turnkey home with room to grow
Welcome to 15 Harneywold Drive! Located in the desirable Black Oaks neighborhood, this spacious ranch home has been completely rehabbed and is truly move-in ready. Featuring 3 bedrooms and 3 full bathrooms, the home offers plenty of space and modern updates throughout. The bright, open living and dining area creates an inviting space for entertaining. The primary bedroom features an en-suite bathroom, while the updated kitchen is equipped with a gas stove, refrigerator, and dishwasher. The lower level offers additional living space, a wood-burning fireplace, and a convenient laundry area. Recent improvements include: 2-year-old roof Newer HVAC system 3-year-old water heater Updated electrical Updated plumbing Outside, enjoy a walkout patio and a 2-car garage, providing both outdoor space and plenty of storage. Seller will pass the Ferguson Municipality Occupancy Inspection, prior to close. All that’s left to do is move in and make it your own!
