8433 1st Street, Berkeley, MO 63134
Residential Income, Berkeley, MO
Property Features for 8433 1st Street
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Investment Insights
Based on property information with market context.
The portfolio is located throughout Spanish Lake, Ferguson, and unincorporated North St. Louis County, with the homes positioned for efficient management and maintenance due to their close proximity. Current gross rental income is approximately $11,519 per month, with the seller anticipating approximately $14,100 per month after additional lease-up before closing. Fully stabilized pro-forma gross rental income is projected at approximately $16,700 per month, with estimated annual operating expenses of approximately $53,000 and projected stabilized NOI of approximately $147,000 per year. The asking price is $1,350,000, reflecting a projected stabilized cap rate approaching 10.9%.
Key Highlights
- 12‑home single‑family rental portfolio offered as one package in the St. Louis market
- Unit mix of all 3- and 4‑bedroom homes, with demand from both Section 8 voucher holders and market‑rate renters
- Current gross rental income is approx. $11,519/month; four vacant homes are fully rent‑ready and actively being leased
Property Analytics
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Location Intelligence
Trade Area within ½ mile
Demographics for 63134, MO