BEDS2
BATHS1 full
SQUARE FEET946
MLS#26036113
STATUSComing Soon
PROPERTY TYPEResidential - Single Family
SUBDIVISIONBissell Hills 8
SCHOOLRiverview Gardens
Property Description
Investor opportunity! 1277 Admiral Drive is a single-family rental home currently leased for $1,100/month through 11/30/2026. The tenant has been in place for approximately five years and has a consistent on-time payment history. The home offers steady in-place income with potential upside over time. If the tenant were to move out, the property could benefit from light cosmetic updates, creating an opportunity to increase rents closer to market.Seller is acting as Power of Attorney for an inherited four-home portfolio and would prefer to sell this property together with the other three homes. The portfolio includes two occupied homes and two vacant, move-in-ready homes, with expected total portfolio income of approximately $4,900/month. The properties are located in close proximity to one another, creating operational efficiencies and making them easier to manage.This is a light value-add rental opportunity in an area with strong market-rate and Section 8 rental demand. The two vacant homes are in good condition and could likely be rented with little to no work needed, while the two occupied homes are below market rent and offer future upside through light make-readies and rent growth as leases allow. An excellent opportunity for a first-time investor or a seasoned operator looking to add a manageable rental portfolio in the area.Property to be sold along with: 258 Becker Dr - MLS# 260364588838 Park Ln - MLS# 260362032823 Meadowlark Ave - MLS# 26036063
Property Features
Property Type: Residential - Single Family
Basement: Yes
Basement: Full
Cooling: Central Air
Heating: Forced Air
Home Style: Traditional
Lot Size: 0.26 Acres
Taxes: $1,974
Year Built: 1954
Feature Descriptions
Exterior: Brick
Lot: Back Yard
Parcel#: 11F-31-0637
Sewer: Public Sewer
SQFT. Above Grade: 946
Water: Public
Local Schools
High School: Riverview Gardens Sr. High
Middle School: R. G. Central Middle
Elementary School: Gibson Elem.
School District: Riverview Gardens
Listed By / Shown By
Listed By
Agency Name: Invest St. Louis
Shown By
Agent Name: Cathy Federer, CPA, GRI
Agent Phone: 636.675.2345
Agency Title: RedKey Realty Leaders
Estimate Your Payment
Estimated Payment
$ 709.21 per month $517.03 Principal & Interest $164.50 Property Tax $27.68 Homeowner's InsuranceChange Payment Information
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1277 Admiral Drive | MLS# 26036113
This single family home located at 1277 Admiral Drive , Saint Louis, MO 63137 is currently listed for sale with an asking price of $94,900. This property was built in 1954 and has 2 bedrooms and 1 full baths with 946 sq. ft. Admiral Drive is located in the Bissell Hills 8 subdivision within the Riverview Gardens school district. Search Bissell Hills 8 real estate on www.homesaroundstlouis.com today.