For Auction

Lender REO: 15 Property SFR Portfolio

Multiple,
Saint Louis, MO 63146

Asset Snapshot

Real Estate
Asset Type
Multifamily
Property Type
13 Units
Unit Count
1,716 SF
Average Unit Size

Offering Summary

Investment Highlights:

  • 15 Single-Family Homes
  • Consisting of one 1-bedroom home, three 2-bedroom homes, five 3-bedroom homes, two 4-bedroom homes, one 5-bedroom home, & one 6-bedroom home
  • 10/13 Homes Currently Vacant
  • Avg Square Footage: 1,716sf
  • Avg Submarket Rents achieving between $1,250-$1,400 for 2-bedrooms, $1,550-$1,700 for 3-bedrooms, $1,900-$2,100 for 4-bedrooms, $2,150-$2,400 for 5-bedrooms, & $2,500-$2,900 for 6-bedrooms


Marketing Description:

RIMarketplace, in conjunction with Matthews Auction Services, is pleased to present a portfolio of 15 Single-Family Homes, situated in the St. Louis, MO MSA. This package offers a diverse mix of 1,2,3,4,5, & 6-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 $22k 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 Addresses:

  • 1454 Pine Row Ct, St. Louis, MO
  • 4439 Oakland Ave, St. Louis, MO
  • 5512 Reineke Ct, St. Louis, MO
  • 311 Eichelberger St, St. Louis, MO
  • 5530 Partridge Ave, St. Louis, MO
  • 5950 Plymouth Ave, St. Louis, MO
  • 357 Fork Dr, St. Louis, MO
  • 2906 Park Ave, St. Louis, MO
  • 9738 Scottsdale Dr, St. Louis, MO
  • 1420 Redman Blvd, St. Louis, MO
  • 10552 Earl Dr, St. Louis, MO
  • 1144 June Ave, St. Louis, MO
  • 803 North Kirkwood Road, St. Louis, MO
  • 7734 Woodstock Rd, St. Louis, MO
  • 1100 La Roux Ct, St. Louis, MO

Due Diligence

Transaction Managers

Cooperating Broker Fee

Eligible brokers may receive a 2% fee when representing the winning bidder.

Learn more in the FAQs

Platform Fee

Buyer pays a minimum platform fee of 5% or $25,000 at closing.

How it Works

Learn about bidding, reserve prices, and closing.

Read the auction guide

Auctioneer

Richard Shawn Terrel
c/o Fisher Auction Company Inc.
License: 2012000450

Need Help?

Your transaction managers are your first point of contact for any auction or process questions. For additional support:

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Investment Sales Brokers

Robert Anderson
Matthews REIS
KM
Kyle Matthews
Matthews Real Estate

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.