USAMOSaint LouisCastle Point Unit 310053 Monarch Dr

10053 Monarch Dr, Saint Louis, MO

Name: 10053 Monarch Dr, For Sale in Saint Louis - Zoocasa
Brand: Invest St. Louis
SKU: 26041444
Price: 109000 USD

House

For Sale

Listed price in listed location currency (USD).

$109,000

320

MLS® 26041444

Overview

Key Facts

Type Single Family Residence

Levels Residential

Size 850 sqft

Garage

Taxes $1,673

Days Active 0

Lot Size 0.138 Acres

Approx. Age 1988

Avg. Price Per Sqft $128

MLS® Number 26041444

Property Address: 10053 Monarch Dr, Saint Louis, MO, 63136-5601

Average square foot calculated using Size range provided by listing agent.

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.

MLS® Number26041444

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1988

BasementFull

Driveway

Garage Spaces

HeatForced Air

A/CCentral Air

Extras

Map

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