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Key Details
Sold Price $795,000
Property Type Single Family Home
Sub Type Residential
Listing Status Sold
Purchase Type For Sale
Square Footage 11,319 sqft
Price per Sqft $70
Subdivision Frostwood 6
MLS Listing ID 24062040
Sold Date 11/14/24
Style Other
Bedrooms 38
Full Baths 13
Construction Status 70
Year Built 1954
Building Age 70
Lot Size 2.172 Acres
Acres 2.172
Lot Dimensions 100x100
Property Description
Rare opportunity to acquire portfolio of 12 single-family homes providing an excellent blend of stability, income, and future upside potential. Each home features a minimum of 3 bedrooms and 1 bathroom, with one home 5 bedrooms and 2 bathrooms. 11 of the 12 homes are currently leased to qualified tenants, ensuring immediate and consistent rental income from day one. The current owners have invested approximately $180k into capital improvements and updates since 2022. A savvy investor could continue leasing these homes for years, capitalizing on steady income, and then sell individual properties to owner-occupants at a premium for top dollar. Significant upside exists by increasing rents to the market value, potentially boosting gross monthly income to over $10,000. This presents a compelling value-add opportunity for investors looking to optimize returns. Seller will be reviewing offers October 8th at 12:00pm. Please include a response time of October 9th at 12:00pm. Duplicate 24062247
Location
State MO
County St Louis
Area Mccluer
Rooms
Basement Full
Interior
Interior Features Carpets, Walk-in Closet(s), Some Wood Floors
Heating Forced Air
Cooling Gas
Fireplace Y
Appliance Dishwasher, Microwave, Range Hood, Gas Oven, Refrigerator
Exterior
Garage true
Garage Spaces 3.0
Waterfront false
Private Pool false
Building
Lot Description Sidewalks
Story 1
Sewer Public Sewer
Water Public
Architectural Style Traditional
Level or Stories One
Structure Type Brk/Stn Veneer Frnt,Vinyl Siding
Construction Status 70
Schools
Elementary Schools Wedgwood Elem.
Middle Schools Ferguson Middle
High Schools Mccluer High
School District Ferguson-Florissant R-Ii
Others
Ownership Private
Acceptable Financing Cash Only, Conventional, Other
Listing Terms Cash Only, Conventional, Other
Special Listing Condition Other, None
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Bought with Ted Gottlieb
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