7028 Julian AVE University City, MO 63130 Coming Soon

UPDATED: 09/04/2026 09:06 PM ON SITE: New on site today

$139,000

2 Beds1 Bath864 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Coming Soon

Purchase Type For Sale

Square Footage 864 sqft

Price per Sqft $160

Subdivision Mcnamee Heights

MLS Listing ID 26057445

Style Ranch

Bedrooms 2

Full Baths 1

Year Built 1954

Annual Tax Amount $1,367

Lot Size 6,451 Sqft

Acres 0.1481

Property Sub-Type Single Family Residence

Location

State MO

County St. Louis

Area 136 - University City

Rooms

Basement 8 ft + Pour,Concrete,Daylight,Exterior Entry,Partially Finished,Full,Interior Entry,Storage Space

Main Level Bedrooms 2

Interior

Heating Forced Air

Cooling Central Air

Flooring Carpet,Hardwood,Linoleum,Varies,Wood

Fireplace N

Appliance Stainless Steel Appliance(s),Freezer,Free-Standing Gas Oven,Free-Standing Gas Range,Refrigerator,Vented Exhaust Fan,Water Heater

Laundry In Basement,Electric Dryer Hookup,Washer Hookup

Exterior

Parking Features false

Utilities Available Cable Available,Electricity Connected,Natural Gas Connected,Phone Available,Sewer Connected,Water Connected

View Y/N No

Roof Type Architectural Shingle

Building

Lot Description Back Yard,Front Yard,Landscaped,Rectangular Lot

Story 1

Sewer Public Sewer

Water Public

Level or Stories One

Structure Type Blown-In Insulation,Vinyl Siding

Schools

Elementary Schools Pershing Elem.

Middle Schools Brittany Woods

High Schools University City Sr. High

School District University City

Others

Acceptable Financing 1031 Exchange,Cash,Conventional,Other,Private,Special Funding

Listing Terms 1031 Exchange,Cash,Conventional,Other,Private,Special Funding

Special Listing Condition Listing As Is

Property Description

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.