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… Read More 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. Read Less
Listing courtesy of Invest St. Louis.
Listing Snapshot
Days Online
1
Last Updated
Property Type
Single Family Residence
Beds
3
Full Baths
1
Square Ft.
873
Lot Size
0.19 Acres
Year Built
1954
MLS Number
26020129
30 Days Snapshot Of 63137
$113k
+18%
(avg) sold price
19
-9%
homes sold
34
-20%
(avg) days on market
Snapshot
Area Map
Additional Details
Basement
Basement: "Full", Basement
Building
Above Grade Finished Area: 873 Sq.Ft., Above Grade Finished Area Source: Estimated, Architectural Style: "Ranch", "Traditional", Construction Materials: "Aluminum Siding", "Vinyl Siding", Levels: "One", Living Area: 873 Sq. Ft., 5 total rooms, Year Built: 1954
Cooling
Cooling: "Central Air"
Disclosures
Disclosures: "Lead Paint"
Heating
Heating: "Natural Gas"
Lot
Features: "Other", Lot Size Acres: 0.1931, Lot Size Square Feet: 8411.44 Sq.Ft.
Property
Property Sub Type: Single Family Residence
Sewer
"Public Sewer"
Taxes
Annual Tax Amount: 1228, Tax Year: 2025
Utilities
Electricity Available: "Ameren", Water Source: "Public"
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