8515 Jenny DR Pending

St Louis,MO 63121

$ 85430

3 Beds

1 Bath

864 SqFt


Key Details

Property Type Single Family Home

Sub Type Residential

Listing Status Pending

Purchase Type For Sale

Square Footage 864 sqft

Price per Sqft $98

Subdivision Carsonville Court

MLS Listing ID 24070075

Style Ranch

Bedrooms 3

Full Baths 1

Year Built 1955

Building Age 69

Lot Size 6,800 Sqft

Property Description

This home is part of a package of 5 single family homes and 1 duplex. Average rents are $1022/month. One unit in the duplex is vacant and the rest of the units are fully leased. Three units have Section 8 leases and three have market leases. This is a stable portfolio with one tenant renting for 2+ years, three tenants have rented for 5-6 years, and one tenant has rented for almost 22 years. There is one new tenant this year. The package price is $374,500 which is an average of $53,500 per door. Estimated Pro Forma Cap Rate is 11.32%. Access to the properties will be provided with an accepted contract. To minimize tenant disruption, the buyer will have one-time access to the properties so a walk-through, inspection, and/or appraisal will all need to be completed together. Please see supplements for a brochure with details on all of the properties.

Location

State MO

County St Louis

Area Normandy

Interior

Heating Forced Air

Cooling Electric

Exterior

Parking Features false

Building

Story 1

Sewer Public Sewer

Water Public

Schools

Elementary Schools Lucas Crossing Elem. Complex

Middle Schools Bel-Nor Middle School

High Schools Normandy High

School District Normandy

Others

Acceptable Financing Cash Only,Conventional

Listing Terms Cash Only,Conventional

Special Listing Condition None

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