TURNKEY SECTION 8 INVESTMENT | 12+ YEAR STABILIZED RESIDENT Turnkey single-family cash-flow asset located in McNamee Heights (University City, 63130). Delivering immediate, stabilized returns with a reliable Section 8 resident of 12+ years and extensive recent mechanical updates. INVESTMENT HIGHLIGHTS: Monthly Rent: $1,400/month ($1,164 Housing Assistance / $236 Tenant portion) Gross Annual Income: $16,800 (12.1% Gross Yield at $139k purchase) Tenant Pays: Electric, Gas, Water, and complete Yard Maintenance Owner Pays: Sewer and Trash only CAPEX & MECHANICAL UPDATES: Capital improvements already completed (with permits): HVAC: Brand new central furnace & A/C system (Installed June 2025) Plumbing: Modernized PVC main stack Electrical: Updated breaker panel Roof & Gutters: Architectural shingle roof (Installed October 2017) Water Heater: Modern, updated unit FUTURE VALUE-ADD / CONVERSION POTENTIAL: Another property on the block, with the identical 864 sq ft footprint converted into a 3-bedroom layout. This provides future owners the option to add a 3rd bedroom within existing square footage upon turnover, unlocking higher HUD Fair Market Rent tiers and proven equity upside. Basement is Partially-finished, Egress windows can be added to increase official Bedrooms / Sqft Property being sold as-is, tenant-occupied. Please do not disturb the tenant. Showings and interior access granted upon an accepted contract. Leases, ledgers, and documentation available upon request.
2 Beds
1 Bath
864 sq.ft
$0 per sq.ft
Ranch
$ 129,000
Pending
0
26057445
2
1
864
250
McNamee Heights
University City
University City
St Louis
Residential
Ranch
Residential
$1,367
Last 6 closed homes in this zip.
| Address | Bd/Ba | SqFt | List | Sold | Closed |
|---|---|---|---|---|---|
| 1043 Midland Boulevard, University City, MO 63130 | 3/2 | 1,343 | $269,000 | $269,000 100% of ask |
Sep 16, 2026 |
| 418 Mission Court, University City, MO 63130 | 3/3 | 2,615 | $3,995 | $3,995 100% of ask |
Sep 15, 2026 |
| 603 Westgate Avenue, 603D, University City, MO 63130 | 2/3 | 1,194 | $224,900 | $210,000 93.4% of ask |
Sep 15, 2026 |
| 935 Barnard College Lane, University City, MO 63130 | 3/3 | 2,300 | $519,000 | $508,000 97.9% of ask |
Sep 15, 2026 |
| 1723 Gulf Drive, Vinita Park, MO 63130 | 3/2 | 1,196 | $224,900 | $224,900 100% of ask |
Sep 14, 2026 |
| 7426 Stanford Avenue, University City, MO 63130 | 2/2 | 1,351 | $399,999 | $400,000 100% of ask |
Sep 10, 2026 |
Estimate your monthly payment. Adjust the sliders below.
Estimate only. Not a loan offer. Consult a lender for an accurate quote, including HOA fees, PMI, and current rates.