10514 Spring Garden DR, St Louis, MO 63137
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Fred Venturini

Fred Venturini

+1(618) 322-9764
$ 104,900
Est. payment /mo
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Coming Soon

10514 Spring Garden DR St Louis, MO 63137

3 Beds

1 Bath

969 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Coming Soon

Purchase Type For Sale

Square Footage 969 sqft

Price per Sqft $108

Subdivision Glasgow Woods

MLS Listing ID 26020453

Style Ranch,Traditional

Bedrooms 3

Full Baths 1

Year Built 1956

Annual Tax Amount $1,475

Lot Size 9,583 Sqft

Acres 0.22

Property Sub-Type Single Family Residence

Property Description

10514 Spring Garden is a strong turnkey rental opportunity for any new or experienced investor. This well maintained 3 bedroom, 1 bathroom home is currently leased to a Section 8 tenant for $1,250 per month, with a lease in place through 8/31/26. This property is part of an 8 home single family rental portfolio, and the seller would prefer to sell the portfolio together or in groups, though each home is also being offered individually. The portfolio is made up entirely of 3 bedroom houses, including six 3 bed 1 bath homes, one 3 bed 1.5 bath home, and one 3 bed 2 bath home.

7/8 houses currently occupied, with current rents totaling $8,140 per month. Once the two vacant units are leased, scheduled rents are projected to reach $10,640 per month. There is also additional upside as units turn, with pro forma rents projected to exceed $11,000 per month.

Ownership and management have been hands on and proactive during their time operating the portfolio, with a focus on maintaining safe, solid housing and keeping the properties in good condition making this portfolio a true turnkey investment. Most of the tenants are Section 8, with one market rate tenant currently in place, providing stable income in a strong rental area. The properties are also located near one another, which helps from both a management and operational standpoint.

This is a great opportunity for an investor looking to add quality rental doors to an existing portfolio, or for someone looking to get started with a well positioned group of income producing properties.

Location

State MO

County St. Louis

Area 31 - Riverview Gardens

Rooms

Basement Full

Main Level Bedrooms 3

Interior

Heating Forced Air

Cooling Central Air

Fireplace N

Exterior

Parking Features false

View Y/N No

Building

Story 1

Sewer Public Sewer

Water Public

Level or Stories One

Structure Type Aluminum Siding,Vinyl Siding

Schools

Elementary Schools Glasgow Elem.

Middle Schools R. G. Central Middle

High Schools Riverview Gardens Sr. High

School District Riverview Gardens

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

Listed by Matt Guignon • Invest St. Louis

Nearby School & Business

Fred Venturini

Fred Venturini

Broker | License ID: 475.179117

+1(618) 322-9764

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