5 Property Portfolio - Estimated 7.81% Cap Rate Net $1,863/month! Turnkey portfolio of 5 single-family homes concentrated in north St. Louis County. This stable portfolio of properties has no vacancies and all tenants plan to stay and have been in properties for years. This package is priced at $295,000 which is an average of $59,000 per door. These homes are located in easy-to-rent areas. Tenants are responsible for utilities. The average rent per property per month is $605, $36,300 in gross annual rents, and $13,932 in expenses (Taxes, Insurance, Property management 6%, Repairs/Vacancy 5%) Bringing the annual net to $24,966. These properties are to be sold as a package. For complete details on this package, including a listing of addresses, rents, and property details, please view the pdf in the documents section.
Main Level Full Baths:1
Basement Description:Full, Walk-Out Access
Lot & Building Features
Parking Description:Off Street
Lot Dimensions:see tax records
Community and Schools
Elementary School:Highland Elem.
Junior High School:R. G. Central Middle
Senior High School:Riverview Gardens Sr. High
Price History of 335 Midridge Drive, St Louis, MO
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.
12851 Manchester Road, STE 110 St. Louis, MO 63131 314-835-6030
Listed by Berkshire Hathaway HomeServices Select Properties, Michelle Paz
Principal & Interest
Monthly Home Ins.
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Listing information courtesy of: Berkshire Hathaway HomeServices Select Properties
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