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.
Status: Pending · MLS# 26041453 · Listing Courtesy of Invest St. Louis, [email protected]
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3 Beds
1 Bath
864 sq.ft
$0 per sq.ft
Ranch
$ 105,000
Pending
0
26041453
3
1
864
Larimore Hills Blk Pts 9 Thru 15 Resub
Unincorporated
Hazelwood
St Louis
Residential
Ranch
Residential
$1,944
Last 6 closed homes in this zip.
| Address | Bd/Ba | SqFt | List | Sold | Closed |
|---|---|---|---|---|---|
| 11926 Rio Grande Drive, Unincorporated, MO 63138 | 3/2 | 1,040 | $89,900 | $81,917 91.1% of ask |
Nov 6, 2026 |
| 1315 Red River Drive, Unincorporated, MO 63138 | 4/2 | 1,600 | $144,900 | $144,000 99.4% of ask |
Nov 6, 2026 |
| 1065 Briarbrae Drive, Unincorporated, MO 63138 | 4/4 | 1,728 | $149,900 | $152,500 101.7% of ask |
Nov 4, 2026 |
| 12095 Trampe Heights Lane, Unincorporated, MO 63138 | 2/3 | 1,140 | $128,000 | $118,000 92.2% of ask |
Oct 30, 2026 |
| 1805 Claudine Drive, Unincorporated, MO 63138 | 3/2 | 1,430 | $115,000 | $105,000 91.3% of ask |
Oct 30, 2026 |
| 1505 Claudine Drive, Unincorporated, MO 63138 | 4/3 | 2,223 | $180,000 | $195,000 108.3% of ask |
Oct 30, 2026 |
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Welcome to 1451 Farmview Avenue! This beautifully updated 3-bedroom, 1.5-bath ranch offers modern finishes, comfortable living spaces, and an oversized garage that's hard to find! Step inside to discover fresh neutral paint, attractive wood-look flooring, and bright, inviting rooms throughout. The updated kitchen features stylish sage-green cabinetry, stainless steel appliances, tile backsplash, and plenty of cabinet space. Three comfortable main-level bedrooms and a refreshed full bathroom complete the main floor. Downstairs, the spacious finished lower level offers incredible flexibility for a second living area, recreation room, home office, or entertaining space, along with a convenient half bath. One of the property's standout features is the oversized garage, offering exceptional room for vehicles, storage, hobbies, or a workshop. Outside, enjoy a spacious yard and patio area with room to relax or entertain. With its combination of modern updates, versatile living space, and exceptional garage storage, this move-in-ready home offers outstanding functionality and value. Schedule your showing today!
*****Professional Photos Coming Soon***** Adorable 3 bedroom home, ready for you! The exterior is maintenance free with vinyl siding, upgraded architectural shingled roof, large covered front porch and 1 car attached garage with double driveway for lots of extra parking! The interior is warm and cozy with hardwood flooring, updated light fixtures and updated throughout Kitchen has been opened to the Living Room for a spacious feel. Other features include updated bathroom, new double pane windows and upgraded electrical panel. The partially finished lower level is perfect for entertaining or for the kids to hang out andoffers tons of space for storage! You will love the level backyard which is perfect for a game of tag, family BBQ's. Located close to schools, parks, dining and transportation.
Coming Soon, 4 bed, 2bath - eta for showings 11/21/26
