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15 Single Family Rental Portfolio (CASH FLOW*) - St. Louis, MO - NEW DEAL AVAILABLE!

Single Family Investment Opportunity Available



Property Acquisition Price:

$900,000.00 USD


This is a package of 15 single family homes in St. Louis, MO that are 100% tenant occupied. The properties are managed by a property management company with the support of a private maintenance crew. Very stable tenant base with the average length of stay at over five (5) years. Four (4) of the leases are Section 8. Tenants are responsible for their own utilities with the sewer expense charged back to the tenants. Most of the properties in this package have refinished hardwood floors or manufactured flooring in the living room and bedrooms rather than carpet which is expensive to replace; ceramic tile floors in the kitchens and bathrooms rather than vinyl. Current rents are below market so there is a great opportunity to increase rents for a higher return. We ask that you do not disturb the tenants or walk the properties without prior approval because tenants are not currently aware of the sale.



Annual Rent ($748/mo Avg) $134,640

Annual Taxes -$11,627

Annual Insurance Est @ $450/ea -$6,750

Annual Maintenance (10% Est) -$13,464

Annual Sewer Est @ $65/mo n/a

Property Management (8%) -$10,771

Vacancy (5%) -$6,732

Annualized Net Rental Income $85,296

CAP Rate 09.48%

Price Per Door $60,000


Property Addresses:


1. 326 N Floridale Ave, 63135

2. 36 Connolly Dr, 63135

3. 264 Gladys Ave, 63135

4. 612 Brotherton Ln, 63135

5. 11814 Poggemoeller Ave, 63138

6. 90 Green Acres Rd, 63137

7. 7402 Blanding Dr, 63135

8. 1226 Maple Ave, 63138

9. 349 Plaza Ave, 63135

10. 125 N Harvey Ave, 63135

11. 62 N Marguerite Ave, 63135

12. 2109 Jannette Dr, 63136

13. 233 Harrison Ave, 63135

14. 428 Shirley Ave, 63135

15. 415 Estelle Ave., 63135








"Build Your Empire"










PROMISE LAND REALTY, LLC



Work: 313-307-6616



sarter@promiselandrealtyllc.com



www.promiselandrealtyllc.com





All Off Market Properties are sold 'As-Is'. Buyer must do their due diligence. Sold on warranty deed. We are selling our assignable interest. Proof of Funds is required with all offers. Earnest Money Deposit due within 48 hours of accepted offer. Closings are done quickly and with a title company/closing attorney. *Realtors add your fee on top*

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