- Overview
- Description
- Property Details
- Location
- Getting Around
$112,438
3 Beds
- 2 Baths
1 full bath + 1 half bath
1,736sqft
400 S Clark Ave, Saint Louis, MO 63135
$112,438
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Single Family Residence
Built in 1936
$-- HOA
7,840.8 sqft lot
$65/sq.ft
Description
This home is part of a 16-home rental portfolio in North St. Louis County with an average rent of about $1,732 per home. The package gives an investor the chance to add immediate scale with a well-established tenant base. Offered at $1,799,000, or about $112,438 per home, the portfolio generates $27,717 in monthly rent and approximately $332,604 annually. Based on the current pro forma, estimated annual net rental income is $197,097, resulting in an estimated 10.96% cap rate at the asking price.
Fifteen of the 16 homes are currently leased, and the remaining property is expected to have a Section 8 tenant in place by closing. Twelve of the homes have or are expected to h...
Property Details
Status
Pending
Type
Single Family Residence
No. of Stories
-
County
City
Neighborhood
--
Year Built
1936
HOA Fees
-
Finished Area
1,736 sqft
Lot Size
7,840.8 sqft lot
Basement Area
- sqft
MLS Name
MARIS MLS
MLS Number
MIS26052525
MLS Status
Pending
Days on Market
10
Cumulative Days on Market
5
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