Rock Island Realty

Ranch

7028 Julian Avenue

University City, MO 63130

MLS#: 26057445

$139,000

Status: Active
Listing number: 26057445
Listing provided by: EXP Realty, LLC
Listing agent phone: None
Last update: 3 days ago
On site: 7 days ago
Browse Properties
McNamee Heights - Residential

Property

Beds

2

Full Baths

1

1/2 Baths

None

Year Built

1954

Sq.Footage

864

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.

Features & Amenities

Interior

  • Total Bedrooms

    2

  • Bathrooms

    1

  • Above Grade Finished Area

    864.0

  • Basement YN

    YES

  • Cooling YN

    YES

  • Cooling

    Central Air

  • Fireplace YN

    NO

  • Heating YN

    YES

  • Heating

    Forced Air, Exhaust Fan

  • Main Level Bedrooms

    2

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Blown-In Insulation, Vinyl Siding

  • Parking

    Asphalt, Driveway, On Street

  • Pool

    No

Area & Lot

  • Lot Features

    Back Yard, Front Yard, Landscaped, Rectangular Lot

  • Lot Size(acres)

    0.1481

  • Lot Size(square feet)

    6,451

  • Property Type

    Residential

  • Property Sub Type

    Single Family Residence

  • Architectural Style

    Ranch

Price

  • Sales Price

    $139,000

  • Tax Amount

    $1,367

  • Sq. Footage

    864

  • Price/SqFt

    $160

HOA

  • Association

    No

School District

  • Elementary School

    Pershing Elem.

  • Middle School

    Brittany Woods

  • High School

    University City Sr. High

Property Features

  • New Construction

    NO

  • Sewer

    Public Sewer

  • Water Source

    Public

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Location

County

St. Louis

Elementary School

Pershing Elem.

Middle School

Brittany Woods

High School

University City Sr. High

Listing Courtesy of Aden McCurdy, EXP Realty, LLC

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Agent Tammy Hardy

AGENT

Tammy Hardy

Call Tammy today to schedule a private showing.

(573) 525-1546

tammy@homeatthelake.com


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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.

7028 Julian Avenue

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