Single Family Real Estate Investment Portfolio
Acquisition Price
$10.2 Million
(Buyer Fee Included)
Portfolio Summary
This is a package of 146 properties in St. Louis County, Missouri comprised of:
2 Condos
1 Duplex
1 Commercial Property
1 Garage/Warehouse
1 Tract of Land
140 Single Family Homes The majority of the homes are clustered in North County, with another cluster in St. Louis City and a final cluster in South City. The properties are managed by a property management company with the support of a private maintenance crew. Tenants are responsible for their own utilities with the sewer expense charged back to the tenant.
Most properties in this package have:
Refinished hardwood floors or manufactured flooring in the living room rather than carpet which is expensive to replace.
Ceramic tile floors in the kitchens and bathrooms rather than vinyl.
Updated big ticket items within the last 10 years including the water heater, furnace, AC, electric, stack, windows and roof.
This package also comes with approximately $70,000 in equipment and supplies that are conveniently housed in the included North County storage garage located near 10134 West Florissant.
WAREHOUSE PHOTOS:
MAP OF PROPERTIES:
CLICK HERE TO SEE SPREADSHEET OF PROPERTIES: https://www.dropbox.com/scl/fi/hv7rolm94mf58r8pr2zsg/146-SFH-Package-Rental-Portfolio-8.7-Million.xlsx?dl=0&rlkey=qsk2oto2m2cyr5cgykgpopost
CLICK HERE TO SEE THE FINANCIALS/RENT ROLLS:
LET'S LOOK AT THE NUMBERS:
Gross Monthly Rent: $115,200
Gross Annual Rent: $1,382,400
2018 Taxes: -$127,813
Property Management @ 7%: -$96,768
Repairs and Maintenance @ 10%: -$138,240
Insurance: -$66,000
Vacancy Rate @ 5% (Avg.): -$69,120
Net Rental Income: $884,459
Cap Rate: 10.16%
BUYER FEE of 2.25% (included in purchase price).
"We make your real estate investing process so easy"
PROMISE LAND REALTY, LLC
Work: 313-307-6616
sarter@promiselandrealtyllc.com