400 S Clark AVE Ferguson, MO 63135
3 Beds
2 Baths
1,736 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,736 sqft
Price per Sqft $61
Subdivision Randolph Place
MLS Listing ID 26070374
Style Traditional
Bedrooms 3
Full Baths 1
Half Baths 1
Year Built 1936
Annual Tax Amount $1,929
Lot Size 7,840 Sqft
Acres 0.18
Property Sub-Type Single Family Residence
Property Description
Thirteen of the 14 homes are currently leased. Eleven of the homes have Section 8 leases, with the other two rented at market rates. The tenant history is especially strong, with an average tenure of just under 6 years and two tenants who have lived in their homes for more than 10 years.
The seller has also taken some of the guesswork out of evaluating the portfolio. Professional pre-listing inspections were completed on all of the homes, giving buyers detailed information about the condition of the properties before making an offer. Some of the homes have older roofs and mechanical systems, and the asking price reflects that future capital expense. Virtual 360 tours are available on thirteen of the homes. The portfolio is being sold as-is, with no seller repairs or credits. Seller financing is not available.
For an investor looking to grow an existing St. Louis rental operation, this is an opportunity to acquire 14 homes at once with nearly full occupancy, long-term tenants, substantial Section 8 income and a great return from day one without having to assemble the portfolio one property at a time.
**Please see the documents section for a brochure with complete details on the package.**
Location
State MO
County St. Louis
Area 63 - Mccluer
Rooms
Basement Partially Finished, Full
Main Level Bedrooms 2
Interior
Heating Forced Air
Cooling Central Air
Fireplaces Number 1
Fireplaces Type Decorative
Fireplace Y
Exterior
Parking Features true
Garage Spaces 1.0
Fence Back Yard, Chain Link
Utilities Available Cable Available
View Y/N No
Building
Lot Description Level
Story 1.5
Sewer Public Sewer
Water Public
Level or Stories One and One Half
Structure Type Brick,Vinyl Siding
Schools
Elementary Schools Central Elem.
Middle Schools Ferguson Middle
High Schools Mccluer High
School District Ferguson-Florissant R-Ii
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Listing As Is, Package
Virtual Tour https://my.360tourlink.com/70f1e6d7-d752-4897-8607- 56304418588b?type=unbranded