For Auction
Lender REO: 2 Property SFR Portfolio
Saint Louis, MO 63136Represented by
Matthews REIS
Asset Snapshot
Offering Summary
Investment Highlights:
- 2 Single-Family Homes
- Consisting of one 3-bedroom home and one 2-bedroom home
- 1/2 Homes Currently Vacant
- Avg Square Footage: 1,104sf
- Avg Submarket Rents achieving between $1,250-$1,400 for 2-bedrooms and $1,550-$1,700 for 3-bedrooms
Marketing Description:
RIMarketplace, in conjunction with Matthews Auction Services, is pleased to present a package of 2 Single-Family Homes, situated in the St. Louis, MO MSA. This package offers a mix of 2 & 3-bedroom homes, at a compelling cost basis, and prime for immediate value-add potential. Based on the St. Louis area’s average rents, this portfolio stands to generate over $3k in monthly rental income, post stabilization.The St. Louis, MO economy is firmly rooted in the healthcare and education sectors, among others, resulting in a strong labor market and a positive outlook for rent growth. Each property included in this portfolio is conveniently located in proximity to downtown, St. Louis Lambert International Airport, a variety of hospitals and medical centers, and an abundance of retail & dining options.
Future ownership stands to benefit from the robust, local economy and the opportunity to acquire these assets at a heavily discounted value.
Property Adresses:
- 125 East Etta, St. Louis, MO
- 2717 Winnebago St, St. Louis, MO
Due Diligence
Transaction Managers
Cooperating Broker Fee
Eligible brokers may receive a fee when representing the winning bidder.
2.00% co-op fee available
Learn more in the FAQsPlatform Fee
Buyer pays platform fee at closing.
5% or $25,000 minimum
How it Works
Learn about bidding, reserve prices, and closing.
Read the auction guideAuctioneer
Need Help?
Your transaction managers are your first point of contact for any auction or process questions. For additional support:
Investment Sales Brokers
Disclaimers
The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions. Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property. You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.
