8433 1st Street, Berkeley, MO 63134
Local realty services provided by:CENTURY 21 Broughton Team
8433 1st Street,Berkeley, MO 63134
$1,349,000
- - Beds
- - Baths
- 816 sq. ft.
- Multi-family
- Active
Listed by: matt guignon, joey schenck
Office: invest st. louis
MLS#:26041366
Source:MO_MARIS
Price summary
- Price:$1,349,000
- Price per sq. ft.:$1,653.19
About this home
Rare opportunity to acquire a 12-home single-family rental portfolio offered as one package in the St. Louis market. Located throughout Spanish Lake, Ferguson, and Unincorporated North St. Louis County, the properties are positioned within close proximity for efficient management and maintenance. The portfolio features a desirable unit mix of all 3- and 4-bedroom homes, creating strong tenant demand from both Section 8 voucher holders and market-rate renters. Professionally managed and largely renovated/rent-ready, the portfolio offers a strong mix of in-place income with immediate lease-up upside. Current gross rental income is approximately $11,519/month, with four vacant homes fully rent-ready and actively being leased. Seller anticipates at least two additional homes leased prior to closing, increasing in-place income to approximately $14,100/month. Fully stabilized pro-forma gross rental income is projected at approximately $16,700/month, with estimated annual operating expenses of approximately $53,000 and projected stabilized NOI of approximately $147,000/year. At the $1,350,000 asking price, the portfolio offers a projected stabilized cap rate approaching 10.9%. An excellent opportunity for investors seeking immediate scale, efficient scattered-site operations, dependable rental demand, and value-add upside through lease-up of rent-ready homes....
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Home facts
- Year built:1953
- Listing ID #:26041366
- Added:17 day(s) ago
- Updated:July 20, 2026 at 03:13 PM
Rooms and interior
- Living area:816 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Forced Air
- Central air:Yes
Structure and exterior
- Year built:1953
- Building area:816 sq. ft.
- Lot area:0.23 Acres
- Architectural Style:Ranch
- Construction Materials:Vinyl Siding
Schools
- High school:Mccluer South-Berkeley High
- Middle school:Berkeley Middle
- Elementary school:Berkeley Elementary School
Finances and disclosures
- Price:$1,349,000
- Price per sq. ft.:$1,653.19
- Tax amount:$942 (2025)
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