504 Robert Ave Ferguson, MO 63135
Ferguson AreaEstimated payment $7,276/month
Highlights
- Ranch Style House
- No HOA
- Forced Air Heating and Cooling System
About This Home
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 Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,398
Year Built
- Built in 1954
Home Design
- 864 Sq Ft Home
- Ranch Style House
- Vinyl Siding
Bedrooms and Bathrooms
- 37 Bedrooms
- 12 Bathrooms
Schools
- Griffith Elem. Elementary School
- Ferguson Middle School
- Mccluer High School
Additional Features
- 4,103 Sq Ft Lot
- Forced Air Heating and Cooling System
Community Details
- No Home Owners Association
- 12 Buildings
- 2 Units
Listing and Financial Details
- Assessor Parcel Number 11H-42-0749
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $987 | $19,950 | $2,070 | $17,880 |
| 2024 | $987 | $13,460 | $1,390 | $12,070 |
| 2023 | $987 | $13,460 | $1,390 | $12,070 |
| 2022 | $987 | $11,800 | $2,300 | $9,500 |
| 2021 | $956 | $11,800 | $2,300 | $9,500 |
| 2020 | $1,012 | $11,250 | $2,410 | $8,840 |
| 2019 | $993 | $11,250 | $2,410 | $8,840 |
| 2018 | $834 | $8,380 | $2,070 | $6,310 |
| 2017 | $818 | $8,380 | $2,070 | $6,310 |
| 2016 | $974 | $9,880 | $1,730 | $8,150 |
| 2015 | $980 | $9,880 | $1,730 | $8,150 |
| 2014 | $1,016 | $10,130 | $1,520 | $8,610 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 07/03/2026 07/03/26 | For Sale | $1,349,000 | +1400.6% | $1,561 / Sq Ft | |
| 12/20/2024 12/20/24 | Sold | -- | -- | -- | View Prior Sale |
| 11/13/2024 11/13/24 | Pending | -- | -- | -- | |
| 11/05/2024 11/05/24 | For Sale | $89,900 | -- | $104 / Sq Ft | |
| 10/07/2024 10/07/24 | Off Market | -- | -- | -- |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | Freedom Title |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $75,200 | New Conventional |
Source: MARIS MLS
MLS Number: MIS26041375
APN: 11H-42-0749
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Listings courtesy of MARIS MLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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