219 Presley Drive, Unincorporated, MO 63137
Glasgow Village Unit 5 · St. Louis County
Key Facts
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.
Property Information
Property Type
Residential
Sub-Type
Single Family Residence
Style
Ranch
Year Built
1953
Living Area
854 sq ft
Lot Size
0.15 acres
MLS® Listing#
26041432
Property Features
Cooling
Heating
Lot Features
Construction
Utilities
Sewer
Water Source
Schools
- Elementary:
- Lewis and Clark Elem.
- Middle:
- R. G. Central Middle
- High:
- Riverview Gardens Sr. High
Financial Details
HOA
None
Annual Taxes
$1,343
Tax year 2025
Parcel Number
11D-41-1312
Affordability Calculator
$21,000
Estimated monthly payment
$559/mo
Principal $84,000 · Est. interest $117,187 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Unincorporated, MO
- $229,412
- Median Listing Price
- 45
- Median Days on Market
- 1,398
- Median Sq Ft
- $157
- Median Price / Sq Ft
- 126
- Active Listings
- This home’s price is 54% below the area median.
- Its price per sq ft is 22% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Unincorporated, MO.
Location
Getting Around
Points of Interest in Unincorporated, MO
Showing the Unincorporated area map.
Nearby Schools
Highland Elementary School
Elementary · 0.1 mi away
Glasgow Elementary School
Elementary · 0.4 mi away
Riverview Gardens High School
Secondary · 0.7 mi away
Riverview Gardens School District
Elementary · 1.2 mi away
TCM Christian Academy
School · 1.3 mi away
Southeast Middle
Secondary · 1.7 mi away
Gibson Elementary School
Elementary · 1.8 mi away
Grace Lutheran Chapel
School · 2.1 mi away
Central Middle School
Secondary · 2.1 mi away
Riverview Gardens School District
School · 2.2 mi away
Riverview Gardens School District
Elementary · 2.2 mi away
Danforth Elementary School
Elementary · 2.2 mi away
Lewis & Clark Elementary School
Elementary · 2.3 mi away
Twillman Elementary School
Elementary · 2.3 mi away
The Christian Academy
School · 2.3 mi away
Larimore Elementary School
Elementary · 2.4 mi away
Christ Light of the Nations
School · 2.4 mi away
Hazelwood East High School
Secondary · 2.4 mi away
Hazelwood East Middle School
Secondary · 2.4 mi away
Trinity Catholic High School
Secondary · 2.5 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 10424 Count Drive, Unincorporated, MO | $74,000 | 3 | 1 | 912 |
| 10193 Green Valley Drive, Unincorporated, MO | $74,900 | 3 | 1 | 1,050 |
| 1901 & 1911 Howell Road, Unincorporated, MO | $80,000 | 3 | 1 | 1,232 |
| 10117 Count Drive, Unincorporated, MO | $89,000 | 2 | 1 | 725 |
| 9857 Dennis Drive, Unincorporated, MO | $89,000 | 3 | 1 | 1,032 |
| 10179 Cloverdale Drive, Unincorporated, MO | $91,000 | 2 | 2 | 936 |
Moving Cost Estimate
EXIT Agents in Unincorporated
Listing Courtesy: Invest St. Louis - 3143256201
Presented by: Matt Guignon