9360 Laramie Drive, Bellefontaine Neighbors, MO, 63137

Home and subdivision is off Shepley Drive has recently been renovated for low maintenance and peace of mind. Refinished hardwood floors throughout main level with living room, large eat in kitchen with bonus room that steps out to a covered patio and chain link fenced yard perfect for daily home style picnics and get togethers. Finished lower level with laundry room, full bath, sleeping room and family room offers more privacy and flexibility rather than everything being on the main level. All newer kitchen with built-ins and Samsung refrigerator, dishwasher and gas range and range hood which will all stay. Newer roof, siding, one car garage has double wide concrete drive with code or remote access. Low traffic-no cut through neighborhood means less noise. Less than five minutes from chain store grocers, I -270 and ten minutes from Downtown St. Louis. Bissell House historic site on Bellefontaine Road site is four blocks away. Move in ready since code compliance coming soon. More photos are on their way.

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.

This house will be maintenance free for years to come. These are the new items inside and outside the house..... All of this and a great neighborhood!! New roof New windows New front and rear exterior steel doors New front and rear storm doors new garage door New landscaping Rear yard is fenced Large deck on rear Exterior house has been freshly painted Interior has been painted Installed new hardwood floors in dining room and one bedroom Hardwood floors have been sanded and refinished 6 panel doors and new hardware thru-out New ceiling fans and lighting New appliances New furnace Ac and water heater is 3 years old Blinds on all windows New floor in kitchen Bath completely remodeled New 5 1/4 inch baseboards thru-out