Larimore Hills Blk Pts 9 Thru 15 Resub Real Estate

Larimore Hills Blk Pts 9 Thru 15 Resub Real Estate

Welcome to Larimore Hills Blk Pts 9 Thru 15 Resub, a hidden gem nestled in the charming community of Spanish Lake, Missouri. This delightful neighborhood offers a perfect blend of suburban tranquility and vibrant local culture, making it an ideal place for families, young professionals, and retirees alike.

As you explore Larimore Hills, you’ll be captivated by its picturesque tree-lined streets and well-maintained homes that reflect the community’s pride. The neighborhood is known for its friendly atmosphere, where neighbors quickly become friends, fostering a strong sense of belonging. The spacious yards and inviting parks provide ample opportunities for outdoor activities, whether it’s a leisurely stroll, a weekend picnic, or a game of catch with the kids.

Convenience is at your fingertips in Spanish Lake, with a variety of shopping, dining, and entertainment options just a short drive away. Local favorites include cozy eateries and charming boutiques, perfect for weekend outings. For those who enjoy the outdoors, the nearby Spanish Lake Park offers scenic walking trails, fishing spots, and playgrounds, ensuring that residents can soak up the natural beauty of the area.

Families will appreciate the access to quality education, with reputable schools serving the community. The neighborhood’s proximity to major highways also makes commuting to nearby St. Louis a breeze, allowing residents to enjoy the best of both city and suburban living.

In Larimore Hills Blk Pts 9 Thru 15 Resub, you’ll find a welcoming community that embodies the essence of comfortable living. Come and discover why so many are proud to call this enchanting neighborhood home!

Newest Listings in Larimore Hills Blk Pts 9 Thru 15 Resub

$105,000
3 Beds ⋅ 1 Baths ⋅ 26041453 MLS ⋅ ACTIVE Status
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.

1226 Baron Ave, Spanish Lake
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