$139,000
7028 Julian Avenue
McNamee Heights, University City, Missouri, 63130
MLS® 26057445 · Listed by EXP Realty, LLC
About this property
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.
Comparable recent sales
Sold records the MLS® data provider selected as comparable to this home — nearby recent sales at a similar price, bed count, and property type. Locations are shown at the neighborhood level only.
$145,000
Listed at $150,000
Hanley Gardens, Unincorporated, Missouri
2 bd · 1 ba · 950.00 sqft · Residential
$137,200
Listed at $149,900
Kenwood Homesites, Northwoods, Missouri
2 bd · 1 ba · 1012.00 sqft · Residential
$140,000
Listed at $150,000
Meadow Brook Downs Resub 3, Overland, Missouri
2 bd · 1 ba · 912.00 sqft · Residential
$150,000
Listed at $165,000
Clifton Hills, St Louis, Missouri
2 bd · 1 ba · 720.00 sqft · Residential
$130,000
Listed at $149,900
Buder Park Terrace, St Ann, Missouri
2 bd · 1 ba · 850.00 sqft · Residential
$140,000
Listed at $146,500
Buder Park Terrace Add, St Ann, Missouri
2 bd · 2 ba · 850.00 sqft · Residential
MLS® data for this listing last updated Sep 6, 2026.