10053 Monarch DriveSt Louis, MO 63136

Description

Rare opportunity to acquire a 12-home single-family rental portfolio offered as one package in the St. Louis market. Located throughout Spanish Lake, Ferguson, and Unincorporated North St. Louis County, the properties are positioned within close proximity for efficient management and maintenance. The portfolio features a desirable unit mix of all 3- and 4-bedroom homes, creating strong tenant demand from both Section 8 voucher holders and market-rate renters. Professionally managed and largely renovated/rent-ready, the portfolio offers a strong mix of in-place income with immediate lease-up upside. Current gross rental income is approximately $11,519/month, with four vacant homes fully rent-ready and actively being leased. Seller anticipates at least two additional homes leased prior to closing, increasing in-place income to approximately $14,100/month. Fully stabilized pro-forma gross rental income is projected at approximately $16,700/month, with estimated annual operating expenses of approximately $53,000 and projected stabilized NOI of approximately $147,000/year. At the $1,350,000 asking price, the portfolio offers a projected stabilized cap rate approaching 10.9%. An excellent opportunity for investors seeking immediate scale, efficient scattered-site operations, dependable rental demand, and value-add upside through lease-up of rent-ready homes.

Property Information

Property type

Residential

Sub-type

Single Family Residence

Style

Ranch

Year built

1988

Living area

850 Sq Ft

Lot size

0.14 acres

Days on market

104

MLS^® Listing#

26041444

Property Features

Cooling

Central Air

Heating

Forced Air

Basement

Full

Lot features

Level

Construction

Vinyl Siding

Utilities

Electricity Connected · Natural Gas Connected · Sewer Connected · Water Connected

Sewer

Public Sewer

Water source

Public

Schools

Elementary

Moline Elem.

Middle

R. G. Central Middle

High

Riverview Gardens Sr. High

Financial Details

HOA

None

Annual taxes

$1,673Tax year 2025

Parcel number

11F-41-0382