Single Family Investment Opportunity
Price
$3,280,000
Unique Investment Opportunity: 40 Single Family Homes Portfolio in North St. Louis County
Unlock Your Investment Potential
Overview: Explore an exclusive off-market investment opportunity in North St. Louis County – a meticulously curated portfolio comprising 40 single-family homes. With a total asking price of $3,280,000, this package offers an attractive average of just $82,000 per door. Whether you're an experienced investor seeking to diversify your holdings or a newcomer looking for a profitable entry into real estate, this portfolio warrants your consideration. Please submit all offers directly to sarter@promiselandrealtyllc.com.
Key Details:
Diverse Property Mix: This portfolio boasts a diversified mix of homes, including four 2-bedroom, thirty-four 3-bedroom, and two 4-bedroom properties. Catering to a broad range of renters, these homes are primed for long-term income potential.
Solid Income Streams: With an average rent of $1,056 per month per door, this portfolio offers robust cash flow potential. The current income generated from this portfolio is substantial and provides a strong foundation for your investment strategy.
Sec 8 Subsidies: Nineteen of these properties benefit from Section 8 subsidies, providing consistent and reliable rent payments. Additionally, seventeen properties are under market leases, ensuring a balance between guaranteed income and growth potential.
Vacancy Opportunities: While the portfolio is already generating substantial income, four vacant properties offer immediate opportunities for value addition and income growth. Tap into the potential of these untapped gems.
Parking and Amenities: This portfolio caters to tenant convenience, with four units featuring carports, 18 properties equipped with garages, and the remaining 36 providing off-street parking options. Ensuring tenant satisfaction is essential for consistent rental income.
Quality Construction: The majority of these properties, 38 out of 40, were built between 1952 and 1969, showcasing the durability and longevity of their construction. These homes are designed to stand the test of time.
Maintenance and Safety: Sixteen of the properties are constructed with brick/masonry, offering enhanced durability and reduced maintenance costs. Importantly, none of the properties are on septic systems or located in a flood zone, minimizing potential risks for investors.
Professional Management: Relax and let your investment work for you. These properties are efficiently managed by a professional property manager, ensuring your peace of mind and freeing up your time for other pursuits.
Financing: Please note that the seller is unable to provide seller financing. Buyers are encouraged to explore financing options to maximize their investment potential.
Act Now: Don't miss this exclusive opportunity to acquire a diverse portfolio of single-family homes in North St. Louis County. With strong income potential, a diverse property mix, and a trusted property manager in place, this package is poised to enhance your investment portfolio.
For more information, financials, or to schedule a private viewing, please contact sarter@promiselandrealtyllc.com. Seize this off-market gem today and secure your future in real estate investment.
Portfolio OM (Additional Photos)
Property Map
"Your #1 Source for Off Market Investment Properties, NATIONWIDE"
PROMISE LAND REALTY, LLC
Work: 864-762-2509
All Off Market Properties are sold 'As-Is'. Buyer must do their due diligence. Sold on warranty deed. We are selling our assignable interest. You do NOT HAVE PERMISSION to market this property WITHOUT EXPRESSED WRITTEN CONSENT. 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*