$109,000

10053 Monarch Drive, St Louis, MO 63136

3 beds |
2 baths |
850 sqft

Single-Family Home
Built in 1988
6,011sqft lot
—— car garage
$128/sqft
Listed 1 day ago

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 8:19PM
Listing Office:: Invest St. Louis : 314-325-6201
MLS ID:: 26041444

Basement: Full
A/C: Central Air
Heating: Forced Air

Style: Ranch

General: Vinyl SidingOne

Originating MLS: maris2
School District: Riverview Gardens
County: St. Louis

Zoning: 11F-41-0382

Utilities: Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater ConnectedAmeren
Water: Public
Sewer: Public Sewer

Source: maris2

This listing courtesy of Invest St. Louis

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
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