Rented at $1920/month, this home is part of a 14-home rental portfolio in North St. Louis County with an average rent of about $1,695 per home. The package gives an investor the chance to add immediate scale with a well-established tenant base. Offered at $1,500,000, or $107,143 per home, the portfolio generates an estimate of $23,728 in monthly rent and approximately $284,736 annually. Based on the current pro forma, estimated annual net rental income is $168,542, resulting in an estimated 11.24% cap rate at the asking price. Thirteen of the 14 homes are currently leased. Eleven of the homes have Section 8 leases, with the other two rented at market rates. The tenant history is especially strong, with an average tenure of just under 6 years and two tenants who have lived in their homes for more than 10 years. The seller has also taken some of the guesswork out of evaluating the portfolio. Professional pre-listing inspections were completed on all of the homes, giving buyers detailed information about the condition of the properties before making an offer. Some of the homes have older roofs and mechanical systems, and the asking price reflects that future capital expense. Virtual 360 tours are available on thirteen of the homes. The portfolio is being sold as-is, with no seller repairs or credits. Seller financing is not available. For an investor looking to grow an existing St. Louis rental operation, this is an opportunity to acquire 14 homes at once with nearly full occupancy, long-term tenants, substantial Section 8 income and a great return from day one without having to assemble the portfolio one property at a time. **Please see the documents section for a brochure with complete details on the package.**

Listing courtesy of Terreri Team Realty LLC


Based on information submitted to the MLS GRID as of 2026-11-15 12:04 AM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.