6 Home SFR Investment Portfolio Belleville, IL (St. Louis, MO MSA)

Highlights:

• 6-home Single-Family Rental (SFR) portfolio in Belleville, Illinois
• Asset mix includes 6 single family homes
• There are 2 two-bedroom, 3 three-bedroom and 1 four-bedroom homes
• 90% leased with fully vetted tenants (one back to market after reno)
• Professional property management available
• Minimal deferred maintenance
• The average asking price for the homes of $141,667
• Significant CapEx deployed throughout the Portfolio
• Stabilized Year 1 Net Cap Rate of 9.13%
• Stabilized Year 1 Annual Gross Yield of 13.76%
• Stabilized Year 1 NOI of $77,631
• Will allow cherry picking
• All SVN® Offices Are Independently Owned & Operated
• Local Broker License Information: www.SFRhub.com/realestatelicensing

Description:

Contact:

TOM JOHNSTON

Managing Director | Designated Broker

SVN | SFRhub Marketplace

T: 602.441.5354

C: 602.403.3695

tom.johnston@svn.com

License #: BR507919000





BOR:

SVN | Chicago Commercial

Michael Thanasouras

Managing Director



Visit www.SFRhub.com and search for portfolio 101655 for more information. 



SVN | SFRhub Marketplace is pleased to present a portfolio of six scattered single-family homes in Belleville, Illinois. The mix consists of two 2-bedroom homes, three 3-bedroom homes, and one 4-bedroom home. Currently, 90% of the portfolio is leased to vetted tenants, with one home recently renovated and back on the market. These homes were built between 1912 and 1953, with an average construction year of 1936. They range in size from 750 to 1,464 square feet, with an average of 1,204 square feet. The current average rent is $1,217 per month, which is significantly below the market rate of $1,577. Priced at an average of $141,667 per home, this offering is attractively positioned just below Belleville’s median home sales price of $200,000. Capital improvements have been completed, including new roofs, renovated HVAC systems, full bathroom and kitchen updates, new flooring and appliances, upgraded electrical and plumbing systems, fresh paint, and landscaping. The portfolio offers a gross yield of 10.31% on current rents, with potential growth to 13.76% when stabilized, and a stabilized net cap rate of 9.13%. While the seller prefers a sale to a single investor, they are open to selling homes individually.



Economically, Belleville has faced challenges but shows signs of resilience. The unemployment rate is 7.2%, higher than the national average of 6.0%. Over the past year, the job market contracted by 6.7%, but projections suggest potential job growth of 30.6% over the next decade, which is slightly below the national forecast of 33.5%. Income levels in Belleville are modest, with a median household income of $60,529 and a per capita income of $33,315. Approximately 14.9% of the population lives below the poverty line.



The city’s economy is supported by a variety of sectors. Retail sales are significant, with total sales amounting to $695 million and a per capita retail sales figure of $16,685. The health care and social assistance sector also contributes substantially, generating receipts totaling $669 million. Efforts are ongoing to diversify the economy, focusing on sectors such as manufacturing, information technology, transportation, and warehousing to attract new businesses and foster job creation.



In 2025, Belleville, Illinois, is projected to experience a 9% to 11% increase in home sales, driven by buyers seeking lower interest rates. This heightened demand is expected to create a competitive single-family rental market, with the potential for rental prices to rise.

Located just 16 miles southeast of St. Louis, Belleville, Illinois, is the largest city in Southern Illinois and the seat of St. Clair County. With a rich history dating back to 1814, Belleville has transformed into a dynamic city that combines small-town charm with modern amenities and economic opportunities.

Belleville boasts a diverse and growing economy, supported by key industries such as healthcare, education, retail, and manufacturing. The city is home to the Memorial Hospital Belleville, a leading healthcare provider in the region, as well as the Southwestern Illinois College, which offers a range of educational and vocational programs that support workforce development.

In recent years, Belleville has focused on revitalizing its downtown area. The city’s Main Street is a hub for local businesses, dining, and cultural attractions, drawing residents and visitors alike. Additionally, Belleville benefits from its proximity to Scott Air Force Base, one of the largest employers in the region, which significantly contributes to the local economy and supports a steady influx of residents.

To foster economic growth, Belleville has invested in infrastructure and development projects, including public transportation enhancements and business incentives. These efforts aim to attract new businesses, support existing enterprises, and enhance the overall quality of life for residents.
Belleville has a population of approximately 41,000 residents, making it a thriving mid-sized city. The population is diverse, with a blend of families, young professionals, and retirees contributing to the community’s vibrancy. The city offers a variety of housing options, from historic homes to modern developments, accommodating a range of preferences and budgets.

Belleville is known for its family-friendly atmosphere, excellent schools, and numerous recreational opportunities. Residents enjoy access to parks, trails, and community events, such as the annual Belleville Oktoberfest and Art on the Square, one of the nation’s top art fairs.

With its strategic location, robust economy, and commitment to development, Belleville is an ideal place to live, work, and invest. Its focus on growth and community ensures a promising future for residents and businesses alike.