Assignment of Contract – 40-Property sec 8 Portfolio in St. Louis, MO- cherry pick

[Marlin Clark]

I have an assignable Purchase & Sale Agreement for a 40-property package in St. Louis, MO. This portfolio is producing consistent cash flow and offers strong returns — perfect for out-of-state investors, portfolio buyers, or those looking to add a few high-performing rentals to their holdings.

Key Highlights:

• 40 total properties – 38/40 occupied (Section 8 + market rent mix)

• Cap Rate: 12.5 per average

• DSCR:  1.9 % over entire portfolio

• Gross Monthly Rent: $50,262

• Net Monthly Cash Flow: $17107 after Dscr loan and management & expenses

• Self managed but we have an excellent  management company that can onboard for a smooth transition

• Single-family homes in established rental areas

• Cherry-picking allowed – buy the whole package or select specific properties

Terms of Assignment:

• This is an Assignment of Purchase and Sale Agreement, not a solicitation to sell real estate

• Buyer will step into my position in the original purchase contract

• Proof of funds required before releasing full rent roll, addresses, and photos

• Properties sold as-is, where-is

Why St. Louis?

• Stable rental demand

• Affordable price-to-rent ratios

• High cash-on-cash returns compared to coastal markets

📩 Message me for detailed financials, rent rolls, and assignment terms.
Serious inquiries only — POF required.