We have a five property portfolio with ARVs between $132-174k and a average cost per sqft of $151. The total portfolio ARV of $736k and we are asking $404k for all five which averages to $81k a piece. This is a 1% rental rule portfolio as is with paying tenants in place. Four of the five properties are within a 2 mile radius of each other in north St Louis by the river which will make this a very easy portfolio to manage.

Four of the five properties are tenant occupied with rents ranging from $825-900 per month. Leases switch to month to month on 10/22, 1/23, 6/23, and 10/23. The fifth property is currently vacant and will need a new kitchen, bathroom, and flooring to be ready for a new tenant. All rents can be increased to $1,000-1,150 a month.

The properties are in decent shape and will continue being a 1% rental rule portfolio as is. To increase rents or flip the properties, each will need moderate renovations after the current tenants leave.

Property 1 - 3/1, 927 sqft - $850 rent

Pics: https://mls.homejab.com/property/213-mc-alpine-dr-st-louis-mo-63137-usa

Property 2 - 3/1, 854 sqft - $825 rent

Pics: https://mls.homejab.com/property/306-midlothian-rd-st-louis-mo-63137-usa

Property 3 - 3/1, 1047 sqft - $900 rent

Pics: https://mls.homejab.com/property/10414-balmoral-dr-st-louis-mo-63137-usa

Property 4 - 3/1, 873 sqft - $850 rent

Pics: https://mls.homejab.com/property/205-perthshire-rd-st-louis-mo-63137-usa

Property 5 - 3/2, 1,176 sqft - vacant

Pics: https://mls.homejab.com/property/1209-cove-ln-st-louis-mo-63138-usa

Comps average at $151/sqft

320 Banff Cir - $141,000 @ $166/sqft

10349 Ross Cir - $126,000 @ $129/sqft

10523 Lilac Ave - $162,000 @ $174/sqft

10224 Gourock Dr - $159,000 @ $171/sqft

1320 Claudine Dr - $174,000 @ $162/sqft

10451 Gardo Ct - $128,000 @ $129/sqft

828 Font Ln - $161,000 @ $129/sqft