Lisa Menendez - Coldwell Banker Premier Group
10606 Langford Dr
St Louis, MO 63136

$3,600,000

Description

This is a package deal for a portfolio of 53 single family homes in North County St Louis. The portfolio will be 95-100% occupied at time of sale. The properties are well maintained and have all been rehabbed to varying levels of finish. Many of the homes have new kitchens, bathrooms, mechanicals and roofs. We use 18" ceramic in the homes when replacing the kitchen and bathroom flooring and most of the homes have newer cabinets and granite counter tops. We just recently installed 20 brand new HVAC units. Average rent is $859. About 25% of the homes are subsidized rental vouchers. Produces about $546,000 of gross rents annually at 100% occupancy. NOI of $365,000 with current property management agreement. Professionally managed by a local management company.

Details

MLS#18057352
Sub-TypeResale
StatusActive
Year1963
Days On Site33

Features

SQ Feet1,444
Story(s)1
ZoningR-4
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Market Activity 63136

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Area Information

StateMO
CountySt Louis
CitySt Louis
Zip Code63136
AreaHazelwood East
Listing VS Median (in 63136)
Price:
$3,600,000
low | high
Med:
$39,990
100% of Average
SqFt:
1,444
low | high
Med:
816
93.490304709141% of Average
$ / SqFt:
$2,493
low | high
Med:
$49
100% of Average
On Site:
33
low | high
Med:
40
82.5% of Average
Listing Updated: 08/19/2018
MLS Number: 18057352
Listing Provided By:
Kyle Pittman  of  Uptown Realty