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7028 Julian Avenue, University City, MO, 63130

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.

Subdivision: McNamee Heights

List Price

$ 139,000

Status

Coming Soon

Days on market

0

MLS#

26057445

Bedrooms

2

Full baths

1

Sq. Ft. Above

864

Sq. Ft. Below

250

Subdivision

McNamee Heights

Municipality

University City

School District

University City

County

St Louis

Property Type

Residential

Style

Ranch

Type

Residential

Additional Information

Property Tax (2025)

$1,367

Recent Nearby Sales in 63130

Last 6 closed homes in this zip.

Address Bd/Ba SqFt List Sold Closed
7244 Shaftesbury Avenue, University City, MO 63130 3/1 1,856 $325,000 $319,000
98.2% of ask
Sep 4, 2026
1278 North and South Road, University City, MO 63130 2/2 1,020 $100,000 $98,000
98% of ask
Sep 3, 2026
8105 Delmar Boulevard, University City, MO 63130 3/2 1,639 $375,000 $375,000
100% of ask
Sep 2, 2026
7322 Drexel Drive, University City, MO 63130 4/2 1,411 $325,000 $315,000
96.9% of ask
Sep 2, 2026
7929 Glenside Place, University City, MO 63130 3/2 1,665 $310,000 $318,000
102.6% of ask
Sep 1, 2026
720 Westgate Avenue, C, University City, MO 63130 2/2 1,524 $2,000 $2,000
100% of ask
Aug 27, 2026

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