Listing Courtesy of: Matthew Guignon - Invest St. Louis
314-325-6201
Provided by MARIS as distributed by MLS Grid
$104,900
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Xome Inc. License #9002330 [email protected] 844-400-XOME (9663)
220 Roderick Drive St Louis, MO 63137
Single Family
Residence
3
Beds
1
Baths
927
Sq. Ft.
0.15
Acre
Lot
Property Activity
Time on Site
days
Days on Market
Views
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220 Roderick is a strong turnkey rental opportunity for any new or experienced investor. The property is currently occupied by a market rate tenant paying $1,050 per month, with the lease in place through 2/28/27. This property is part of an 8 home single family rental portfolio, and the seller wo...uld prefer to sell the portfolio together or in groups, though each home is also being offered individually. The portfolio is made up entirely of 3 bedroom houses, including six 3 bed 1 bath homes, one 3 bed 1.5 bath home, and one 3 bed 2 bath home. 6/8 houses currently occupied, with current rents totaling $8,140 per month. Once the two vacant units are leased, scheduled rents are projected to reach $10,640 per month. There is also additional upside as units turn, with pro forma rents projected to exceed $11,000 per month. Ownership and management have been hands on and proactive during their time operating the portfolio, with a focus on maintaining safe, solid housing and keeping the properties in good condition making this portfolio a true turnkey investment. Most of the tenants are Section 8, with one market rate tenant currently in place, providing stable income in a strong rental area. The properties are also located near one another, which helps from both a management and operational standpoint. This is a great opportunity for an investor looking to add quality rental doors to an existing portfolio, or for someone looking to get started with a well positioned group of income producing properties.
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MLS#
26020321
Property Type
Single Family
Bedrooms
3
Bathrooms
1 Full
Year Built
1955
Square Feet
927
sq. ft
Lot Size
0.15
Stories
1.0
Sewer
Public Sewer
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