Coming Soon MLS# 26020101

6128 Washington Avenue, Berkeley, MO 63134

Subdivision: Kinloch Park

List Price: $104,900

3

Bedrooms

1

Baths

936

Area (sq.ft)

$N/A

Cost/sq.ft

1 Story

Type

Description

6128 Washington Ave in 63134 is a solid turnkey rental opportunity for any new or experienced investor. The property is currently occupied by a Section 8 tenant paying $1,295 per month, with the lease in place through 1/1/27. 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.

Property Information

List Price $ 104,900

Original Price $ 104,900

Status Coming Soon

MLS# 26020101

Bedrooms 3

Full baths 1

Half baths 0

Main Floor Full Baths 1

Sq. Ft. Above 936

Lot Size 0

Acres 0

Subdivision Kinloch Park

Municipality Berkeley

School District Ferguson-Florissant R-II

County St Louis

Property Type Residential

Style 1 Story

Style Description

Transaction Type

Special Conditions Standard

Type

Building Exterior Amenities

Building Style Ranch

Ownership

Special Description Standard

Appliances Some

Miscellaneous

Disclosures Lead Paint

Age 0

Sewer Main Size Public Sewer

Water Main Size Public

Conditions Lead Paint

Additional Information

Elementary School Airport Elem.

Jr. High School Berkeley Middle

Sr. High School Mccluer South-Berkeley High

Association Fee None

Architecture Ranch

Construction Vinyl Siding

Garage Spaces 0

Carport Spaces 0

Basement Description Full

Fireplace Type

Fireplace Location

Lot Dimensions

Special Areas

Cooling Central Air

Sewer Public Sewer Sewer

Heating Natural Gas

Water Public

Heat Source

Kitchen

Appliances

Dining

Interior Decor

Property Tax $1,160

Map Location

Directions

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Agent

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[email protected] 314.414.6000

License Number

2000174929

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