10367 Coburg Lands, St Louis, MO 63137

$8,400,000
List Price
$8,400,000
Days on Market
48
MLS#
MAR22021332
Status
ACTIVE
Lot Size
8,668
Acres
0.199
Subdivision
Bissell Hills 4
Municipality
Bellefontaine Neighbors
School District
Riverview Gardens
County
St Louis
Year Built
1952
Listing Type
Commercial

Property Description

Love the high investment returns of St. Louis County rental properties but tired of the lack of inventory? Here is an easy solution: a ready-made, turnkey portfolio of 112 single family homes concentrated in north St. Louis County. This package is priced at $8,400,000 which is an average of $75,000 per door. These homes are located in easy to rent areas including 34 homes in Bellefontaine Neighbors, 27 homes in Ferguson, 15 homes in Hanley Hills, plus more. This stable portfolio of properties has only 3 current vacancies and will be cash-flowing from day one. Tenants are responsible for utilities. The monthly sewer bill is charged back to tenants. Average rent per property per month is $847 which is $1,138,560 in gross annual rents. These properties 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.

Additional Information

Elementary School
Gibson Elem.
Jr. High School
R. G. Central Middle
Sr. High School
Riverview Gardens Sr. High
Parking Description
Accessible Parking
Lot Dimensions
66x102
Cooling
Electric
Sewer
Public Sewer
Heating
Forced Air
Water
Public
Heat Source
Gas
Taxes Paid
1349
Selling Terms
Cash Only, Conventional
Buyers Agent Commission
2

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Worth Clark Realty.

Listings displaying the MARIS logo are courtesy of the participants of Mid America Regional Information Systems Internet Data Exchange. Information From Third Parties, Deemed Reliable But Not Verified