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Buy&Hold (Section 8*) : 20 Single Family Rental Portfolio, Florissant, MO - Pending

Updated: Apr 4, 2022

Single Family Investment Opportunity

Acquisition Price


20 Single Family Units

Package of 20 single family homes, located mainly in Florissant, MO. Average rents of $1181/mo (below market). Do not disturb tenants. They are not aware of the sale.

  • Off-market package of 20 single family homes that are priced at $2,475,000, which is an average of $123,750 per door.

  • Average comps per door are $132,760,

  • The price range of these neighborhoods is $119,000 - $151,675 so in ad- dition to monthly income there is an opportunity for appreciation at a rate not common in other St. Loius County rental markets.

  • Total gross rents are $23,615/month which is an average of $1181/month per property. That is below market area rents which average of $1306/ month with a 75th % at $1483/month.

  • Half of the leases are Section 8 which means even though they have longer term tenants, the properties are be inspected annually.

  • All of the properties are three bedrooms. None are in a flood zone or on septic.

  • There is currently one vacancy.

Annual Rent ($1180.79/mo avg) Annual Taxes ($1882.85 avg per property)

Annual Insurance (Estimate @ $700/ea)

Annual Maintenance (10% Est) Annual Sewer (Estimate $54/mo)

Property Management (8%) Vacancy (5%) Annualized Net Rental Income: $153,594 CAP Rate 6%+

Please submit all offers with Proof Of Funds to

Offer deadline is 3/29/22

Property Addresses

Property Map