7 Turnkey SFR in St. Louis, MO

$ 779,000.00
Asking
  • Strong portfolio of seven single-family homes in St. Louis, Mo.
  • Five Section 8 tenants.
  • One unit vacant (can be delivered vacant or occupied w/ another S8 tenant).
  • One S 8 tenant in process of moving (can be filled w/ another S8 tenant or delivered vacant).
  • Inspections are for buyer’s informational purposes only.
  • Must be purchased as a package of seven properties.
  • Seller to review offers after two weeks on the market (April 20th).

Additional Notes

  • Currently owner-managed.
  • Utilities, repairs, vacancy, management, and future taxes are estimated.
  • Rents, insurance, and taxes are current as of 2020, #3-1305 tenant is in the process of moving, can be delivered vacant or occupied;
  • #7-4  is vacant but can be delivered occupied.
  • Pro forma figures for illustrative purposes only, the buyer is responsible for their own due diligence.

 

Next Step

  1. Sign our exclusive deal/package agreement to obtain accurate info.
  2. Let us know if you need any of the following (local) service providers:
    1. Realtor, property management, lender, insurance agent, inspector.

 

Properties

ID CodeYEAR BUILTSIZEINDIVIDUAL PRICE*BedsBathsRentStatues
#1-1463019701,366$119,941421300Sec 8
#2-371119121,152$101,151311055Sec 8
#3-13051952984$86,399311000Sec 8
#4-495519831,124$98,692321130Sec 8
#5-36519581,616$141,892321250
#6-85519561,196$105,014321250
#7-419591434$125,911421250vacant
8,872$779,0008,235
$/sq ft$88Annual$98,820

* Seller as an asking price for the package. Individual price is calculated based on total sq ft. ($779,000/8872=$88/sqft)

 

Annual Income/Expenses

ID CodeRent/UtilitiesInsur.P. TaxesVacancyManagementRepairsEst. Net/yr
#1-14630$15,600$0$1,083$2,076$780$1,248$1,248$9,165
#2-3711$12,660$0$1,263$1,172$750$1,013$1,013$7,566
#3-1305$12,000$0$999$1,207$600$1,038$1,038$7,274
#4-4955$13,560$0$934$1,910$678$1,085$1,085$7,868
#5-365$15,000$0$999$1,806$750$1,000$1,000$9,045
#6-855$15,000$720$1,084$1,574$750$1,200$1,200$9,132
#7-4$15,000$0$1,030$2,009$750$1,200$1,200$8,811
Total$98,820$720$7,392$11,754$5,058$7,784$7,784$58,861

 

Property reports include Description, Purchase Analysis & Returns, Cash Flow (Year 1),  Buy & Hold Projections, Recent Comparable Sales, Recent Comparable Rental Listings, and Photos.

 

#1-14630

2018 Updates

· New carpet and LVP · New kitchen cabinets, counters, and appliances
· New electric panel · Sump pump installed (no perimeter drain)

View property report

#2-3711

2019 Updates

· New carpet, LVP, and hardwoods refinished· New carport w/ garage door · Freshly painted
· New water service at curb · New appliances · New bathroom vanity, shower fixtures

#3-1305

· Tenant in process of moving can be delivered vacant or with another Sec. 8 tenant

#4-4955

2018 Updates

· New carpet and LVP · New kitchen cabinets, counters, and appliances
· Paint (trim, ceiling, walls) · New vanities, toilets, & some bathroom fixtures

#5-365

2019 Updates

· New roof · New electric service & panel · New carpet and LVP · New kitchen appliances
· New vanities and toilets · New kitchen counters and sink · New paint (walls, trim, ceiling)
” · Wall added for 4th bedroom (needs closet to be legal bedroom)

#6-855

2020 Updates

· New laminate flooring · Paint (ceilings, walls, trim) · New appliances

#7-4

2019 Updates

· New roof · New carpet and LVP · New siding on garage · Painted + some repainting ‘21
· Converted room to 4th bedroom · Can be delivered vacant or with new Sec. 8 tenant @ $1250/m

 

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    Disclaimer

    This information is provided solely for general business information purposes. No advisory, fiduciary or other relationship is created by any
    acceptance or use of this Report.
    The inclusion of this information with any other materials does not constitute an endorsement by the information Author of any third party or any third party’s products or services. The projected valuation, financial and investment return information, conclusions, and other information contained in this Report are based upon tested methodologies for accuracy. However, such information and conclusions are not definitive forecasts, appraisals, or opinions of valuations. All such information and conclusions are stated in terms of the probability of likelihood based on market factors and information submitted to the Report Author, and such information and conclusions are not guaranteed by the Report Author and should not be construed as a certified appraisal or valuation, or investment advice.

    The Report Author uses or has used public and/or confidential data and assumptions provided to the Report Author by third parties, and the Report Author has not independently verified the data and assumptions used in these analyses or data sets. Attributes for properties may be inaccurate because county assessor and property data does not always include recent additions and/or modifications to property structures. Changes in the underlying data or operating assumptions or any loss of access to any one or more sources will clearly impact the analyses, information, and conclusions set forth in this Report

    Basic Facts

    Property ID: 1707 Post updated: 2021-04-10 12:23:03 Type: Bedrooms: 23
    Bathrooms: 12 Area: 8872 sq ft Property taxes (annual): $ 11,800.00 Insurance (annual): $ 7,400.00
    Date added: 04/10/21

    This style property is located in is currently and has been listed on KaVaDoo. This property is listed at $ 779,000.00. It has 23 beds bedrooms, 12 baths bathrooms, and is 8872 sq ft. The property was built in year.