17 Godfrey Lane, Ferguson, MO 63135

• 1,232 sqft

Property Description

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.

Listing Status:

Active

Date Added:

July 3, 2026

Data Last Updated:

July 4, 2026 at 6:18PM

Listing Office:

Invest St. Louis : 314-325-6201

MLS ID:

26041358

Interior

• A/C: Central Air
• Heating: Forced Air

Exterior

• Style: Ranch

Construction

• General: Vinyl SidingRanch

Location

• Originating MLS: maris2
• School District: Ferguson-Florissant R-II
• County: St. Louis

Lot

• Zoning: 12H-53-0207

Financial

• Source: maris2