Courtesy: Worth Clark Realty
314-222-0065
What an exceptional opportunity to acquire a 96-unit, five-building apartment complex with strong potential for an investor seeking to expand and build long-term wealth. This property offers a mixture of one and two-bedroom units and is strategically located near major transportation, employment, education, retail, and recreational amenities. Conveniently located just minutes from 1-70, North Hanley MetroLink, and St. Louis Lambert International Airport, providing easy access throughout the St. Louis metropolitan area. Nearby amenities include St. Louis Community College-Florissant Valley, Schnucks, Walgreens and other essential retail and services. Residents can also enjoy nearby January-Wabash Memorial Park, featuring a lake, walking trails, and outdoor recreational opportunities. This property represents a compelling opportunity to acquire an established multifamily asset in a strategic St. Louis County location. The property's scale, five-building configuration established residential community, and proximity to major transportation, retail, education, and recreational amenities create a strong foundation for long-term investment value and portfolio growth. An attractive acquisition for investors seeking a substantial multifamily asset with an established presence in the St. Louis market and the potential to generate lasting value through ownership.
Courtesy: Invest St. Louis
314-325-6201
Rare opportunity to acquire a 12-home single-family rental portfolio offered as one package in the St. Louis market. Located throughout Spanish Lake, Ferguson, and Unincorporated North St. Louis County, the properties are positioned within close proximity for efficient management and maintenance. The portfolio features a desirable unit mix of all 3- and 4-bedroom homes, creating strong tenant demand from both Section 8 voucher holders and market-rate renters. Professionally managed and largely renovated/rent-ready, the portfolio offers a strong mix of in-place income with immediate lease-up upside. Current gross rental income is approximately $11,519/month, with four vacant homes fully rent-ready and actively being leased. Seller anticipates at least two additional homes leased prior to closing, increasing in-place income to approximately $14,100/month. Fully stabilized pro-forma gross rental income is projected at approximately $16,700/month, with estimated annual operating expenses of approximately $53,000 and projected stabilized NOI of approximately $147,000/year. At the $1,350,000 asking price, the portfolio offers a projected stabilized cap rate approaching 10.9%. An excellent opportunity for investors seeking immediate scale, efficient scattered-site operations, dependable rental demand, and value-add upside through lease-up of rent-ready homes.
Courtesy: Invest St. Louis
314-325-6201
Rare opportunity to acquire a 12-home single-family rental portfolio offered as one package in the St. Louis market. Located throughout Spanish Lake, Ferguson, and Unincorporated North St. Louis County, the properties are positioned within close proximity for efficient management and maintenance. The portfolio features a desirable unit mix of all 3- and 4-bedroom homes, creating strong tenant demand from both Section 8 voucher holders and market-rate renters. Professionally managed and largely renovated/rent-ready, the portfolio offers a strong mix of in-place income with immediate lease-up upside. Current gross rental income is approximately $11,519/month, with four vacant homes fully rent-ready and actively being leased. Seller anticipates at least two additional homes leased prior to closing, increasing in-place income to approximately $14,100/month. Fully stabilized pro-forma gross rental income is projected at approximately $16,700/month, with estimated annual operating expenses of approximately $53,000 and projected stabilized NOI of approximately $147,000/year. At the $1,350,000 asking price, the portfolio offers a projected stabilized cap rate approaching 10.9%. An excellent opportunity for investors seeking immediate scale, efficient scattered-site operations, dependable rental demand, and value-add upside through lease-up of rent-ready homes.
Ferguson is located in Missouri. Ferguson, Missouri has a population of 18,826. Ferguson is less family-centric than the surrounding county with 12.6% of the households containing married families with children. The county average for households married with children is 29.08%.
The median household income in Ferguson, Missouri is $40,195. The median household income for the surrounding county is $72,562 compared to the national median of $69,021. The median age of people living in Ferguson is 34.2 years.
The average high temperature in July is 88.6 degrees, with an average low temperature in January of 23.1 degrees. The average rainfall is approximately 42.2 inches per year, with 13.2 inches of snow per year.
