Property
Beds
3
Full Baths
1
1/2 Baths
None
Year Built
1990
Sq.Footage
936
6128 Washington Ave in 63134 is a solid turnkey rental opportunity for any new or experienced investor. The property is currently occupied by a Section 8 tenant paying $1,295 per month, with the lease in place through 1/1/27. This property is part of an 8 home single family rental portfolio, and the seller would 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.
Features & Amenities
Interior
-
Total Bedrooms
3
-
Bathrooms
1
-
Above Grade Finished Area
936.0
-
Basement YN
YES
-
Cooling YN
YES
-
Cooling
Central Air
-
Fireplace YN
NO
-
Main Level Bedrooms
3
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Vinyl Siding
-
Pool
No
Area & Lot
-
Lot Features
Other
-
Lot Size(acres)
0.13
-
Lot Size(square feet)
5,662
-
Property Type
Residential
-
Property Sub Type
Single Family Residence
-
Architectural Style
Ranch
Price
-
Sales Price
$64,900
-
Tax Amount
$1,160
-
Financing Options
Cash, Conventional
-
Sq. Footage
936
-
Price/SqFt
$69
HOA
-
Association
No
School District
-
Elementary School
Airport Elem.
-
Middle School
Berkeley Middle
-
High School
Mccluer South-Berkeley High
Property Features
-
New Construction
NO
-
Sewer
Public Sewer
-
Water Source
Public
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Location
County
St. Louis
Elementary School
Airport Elem.
Middle School
Berkeley Middle
High School
Mccluer South-Berkeley High
Listing Courtesy of Matt Guignon, Invest St. Louis
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