BEDS2
BATHS1 full
SQUARE FEET864
MLS#26057445
STATUSActive
PROPERTY TYPEResidential - Single Family
SUBDIVISIONMcNamee Heights
SCHOOLUniversity City
Property Description
TURNKEY SECTION 8 INVESTMENT | 12+ YEAR STABILIZED RESIDENTTurnkey 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 MaintenanceOwner Pays: Sewer and Trash onlyCAPEX & MECHANICAL UPDATES:Capital improvements already completed (with permits):HVAC: Brand new central furnace & A/C system (Installed June 2025)Plumbing: Modernized PVC main stackElectrical: Updated breaker panelRoof & Gutters: Architectural shingle roof (Installed October 2017)Water Heater: Modern, updated unitFUTURE 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 / SqftProperty 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.
Property Features
Property Type: Residential - Single Family
Basement: Yes
Basement: 8 ft + Pour, Concrete, Daylight, Exterior Entry, Partially Finished, Full, Interior Entry, Storage Space
Cooling: Central Air
Heating: Forced Air
Home Style: Ranch
Lot Size: 0.15 Acres
Roof Type: Architectural Shingle
Taxes: $1,367
Year Built: 1954
Feature Descriptions
Appliances: Stainless Steel Appliance(s), Freezer, Free-Standing Gas Oven, Free-Standing Gas Range, Refrigerator, Vented Exhaust Fan, Water Heater
Days on Site: 5
Exterior: Blown-In Insulation, Vinyl Siding
Lot: Back Yard, Front Yard, Landscaped, Rectangular Lot
Parcel#: 17J-52-0901
Parking: Asphalt, Driveway, On Street
Sewer: Public Sewer
SQFT. Above Grade: 864
SQFT. Below Grade: 250
Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
Water: Public
Local Schools
High School: University City Sr. High
Middle School: Brittany Woods
Elementary School: Pershing Elem.
School District: University City
Listed By / Shown By
Listed By
Agency Name: EXP Realty, LLC
Shown By
Agency Title: RedKey Realty Leaders
Agency Phone: 314-692-7200
Estimate Your Payment
Estimated Payment
$ 911.75 per month $757.29 Principal & Interest $113.92 Property Tax $40.54 Homeowner's Insurance
7028 Julian Avenue | MLS# 26057445
This single family home located at 7028 Julian Avenue, University City, MO 63130 is currently listed for sale with an asking price of $139,000. This property was built in 1954 and has 2 bedrooms and 1 full baths with 864 sq. ft. Julian Avenue is located in the McNamee Heights subdivision within the University City school district. Search McNamee Heights real estate on www.redkeystlouis.com today.