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$94,900
2 Beds ⋅ 1 Baths ⋅ 26036113 MLS ⋅ ACTIVE Status
Investor opportunity! 1277 Admiral Drive is a single-family rental home currently leased for $1,100/month through 11/30/2026. The tenant has been in place for approximately five years and has a consistent on-time payment history. The home offers steady in-place income with potential upside over time. If the tenant were to move out, the property could benefit from light cosmetic updates, creating an opportunity to increase rents closer to market. Seller is acting as Power of Attorney for an inherited four-home portfolio and would prefer to sell this property together with the other three homes. The portfolio includes two occupied homes and two vacant, move-in-ready homes, with expected total portfolio income of approximately $4,900/month. The properties are located in close proximity to one another, creating operational efficiencies and making them easier to manage. This is a light value-add rental opportunity in an area with strong market-rate and Section 8 rental demand. The two vacant homes are in good condition and could likely be rented with little to no work needed, while the two occupied homes are below market rent and offer future upside through light make-readies and rent growth as leases allow. An excellent opportunity for a first-time investor or a seasoned operator looking to add a manageable rental portfolio in the area. Property to be sold along with: 258 Becker Dr - MLS# 26036458 8838 Park Ln - MLS# 26036203 2823 Meadowlark Ave - MLS# 26036063

1277 Admiral Dr, St Louis