Coming Soon MLS# 26020129

245 Grampian Road, Unincorporated, MO 63137

Subdivision: Glasgow Village Unit 9

List Price: $104,900

3

Bedrooms

1

Baths

873

Area (sq.ft)

$N/A

Cost/sq.ft

1 Story

Type

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.

Property Information

List Price $ 104,900

Original Price $ 104,900

Status Coming Soon

MLS# 26020129

Bedrooms 3

Full baths 1

Half baths 0

Main Floor Full Baths 1

Sq. Ft. Above 873

Lot Size 0

Acres 0

Subdivision Glasgow Village Unit 9

Municipality Unincorporated

School District Riverview Gardens

County St Louis

Property Type Residential

Style 1 Story

Style Description

Transaction Type

Special Conditions Standard

Type

Building Exterior Amenities

Building Style Ranch,Traditional

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 Highland Elem.

Jr. High School R. G. Central Middle

Sr. High School Riverview Gardens Sr. High

Association Fee None

Architecture Ranch,Traditional

Construction Aluminum Siding,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 $1,228

Map Location

Directions

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Agent

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[email protected] 314.414.6000

License Number

2000174929

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