Laura Lee
REALTOR®
BEDS3
BATHS1 full
SQUARE FEET1,026
MLS#26020093
STATUSActive Under Contract
PROPERTY TYPEResidential - Single Family
SUBDIVISIONCastle Point
SCHOOLRiverview Gardens
Property Description
10202 Castle is a great opportunity for an investor or owner occupant alike. The property is currently vacant, offering immediate upside as a rental or flexibility for an owner occupant.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 Features
Property Type: Residential - Single Family
Basement: Yes
Basement: Full
Cooling: Other
Heating: Natural Gas
Home Style: Ranch, Traditional
Lot Size: 0.15 Acres
Taxes: $1,763
Year Built: 1968
Feature Descriptions
Days on Site: 25
Exterior: Brick
Parcel#: 11F-53-0260
Sewer: Public Sewer
SQFT. Above Grade: 1026
Water: Public
Local Schools
High School: Riverview Gardens Sr. High
Middle School: R. G. Central Middle
Elementary School: Danforth Elem.
School District: Riverview Gardens
Listed By / Shown By
Listed By
Agency Name: Invest St. Louis
Shown By
Agent Name: Laura Lee
Agent Phone: (314) 791-6833
Agency Title: RedKey Realty Leaders
Estimate Your Payment
Estimated Payment
$ 835.12 per month $653.23 Principal & Interest $146.92 Property Tax $34.97 Homeowner's InsuranceChange Payment Information
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10202 Castle Drive | MLS# 26020093
This single family home located at 10202 Castle Drive, Saint Louis, MO 63136 is currently listed for sale with an asking price of $119,900. This property was built in 1968 and has 3 bedrooms and 1 full baths with 1026 sq. ft. Castle Drive is located in the Castle Point subdivision within the Riverview Gardens school district. Search Castle Point real estate on lauralee.redkeystlouis.com today.