Description
245 Grampian Rd in 63137 is a great opportunity for an investor or owner occupant alike. The property is currently vacant and rent ready, with market rent projected around $1,250 per month. Located in a high demand rental area, this home should be easy to lease and offers strong flexibility for either immediate occupancy or income production. 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.
Details
| MLS # | 26020129 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1954 |
| Days On Site | 149 |
| Listing Provided By | Invest St. Louis | Matt Guignon |
Features
| Bed(s) | 3 |
|---|---|
| Bath(s) | 1 Total |
| SQ Feet | 873 |
| Basement | Y |
| Story(s) | 1 |
| Acreage | 0.19 |
Interior
| Rooms Total | 5 |
|---|---|
| Cooling | Central Air |
| Heating | Natural Gas |
Exterior
| Construction Materials | Aluminum Siding, Vinyl Siding |
|---|---|
| Lot Features | Other |
Parking
| Garage Yes / No | No |
|---|
Utilities
| Electric | Ameren |
|---|---|
| Sewer | Public Sewer |
Taxes
| Property | 1228 |
|---|
Area Information
| State | MO |
|---|---|
| County | St. Louis |
| City | St Louis |
| Zip Code | 63137 |
| Area | Riverview Gardens |
| Community Name | Glasgow Village Unit 9 |
| School District | Riverview Gardens Sr. High |
| Elementary School | Highland Elem. |
| High School | Riverview Gardens Sr. High |
| Listing VS Median (in Glasgow Village Unit 9) | |
Price: $94,900 low | high Med: $95,000 sqft: 873 low | high Med: 876 $ / sqft: $109 low | high Med: $108 On site: 149 low | high Med: 28 | |
Market Activity 63137
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Listings courtesy of Maris MLS as distributed by MLS GRID.
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Learn More About This Property
| State | MO |
|---|---|
| County | St. Louis |
| City | St Louis |
| Zip Code | 63137 |
| Area | Riverview Gardens |
| Community Name | Glasgow Village Unit 9 |
| School District | Riverview Gardens Sr. High |
| Elementary School | Highland Elem. |
| High School | Riverview Gardens Sr. High |
| Listing VS Median (in Glasgow Village Unit 9) | |
Price: $94,900 low | high Med: $95,000 sqft: 873 low | high Med: 876 $ / sqft: $109 low | high Med: $108 On site: 149 low | high Med: 28 | |
