10514 Spring Garden Drive, St Louis, MO 63137
Glasgow Woods · St. Louis County
Key Facts
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.
Property Information
Property Type
Residential
Sub-Type
Single Family Residence
Style
Ranch / Traditional
Year Built
1956
Living Area
969 sq ft
Lot Size
0.22 acres
Days on Market
44
MLS® Listing#
26020453
Property Features
Cooling
Heating
Basement
Construction
Sewer
Water Source
Schools
- Elementary:
- Glasgow Elem.
- Middle:
- R. G. Central Middle
- High:
- Riverview Gardens Sr. High
Financial Details
HOA
None
Annual Taxes
$1,475
Tax year 2025
Parcel Number
11D-42-0691
Affordability Calculator
$20,980
Estimated monthly payment
$558/mo
Principal $83,920 · Est. interest $117,076 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in St Louis, MO
- $211,139
- Median Listing Price
- 48
- Median Days on Market
- 1,527
- Median Sq Ft
- $142
- Median Price / Sq Ft
- 2,686
- Active Listings
- This home’s price is 50% below the area median.
- Its price per sq ft is 24% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in St Louis, MO.
Location
Points of Interest in St Louis, MO
Showing the St Louis area map.
Nearby Schools
Highland Elementary School
Elementary · 0.2 mi away
Glasgow Elementary School
Elementary · 0.7 mi away
Riverview Gardens High School
Secondary · 1.1 mi away
Riverview Gardens School District
Elementary · 1.6 mi away
TCM Christian Academy
School · 1.6 mi away
Southeast Middle
Secondary · 1.7 mi away
Gibson Elementary School
Elementary · 2.1 mi away
Larimore Elementary School
Elementary · 2.4 mi away
Central Middle School
Secondary · 2.4 mi away
Grace Lutheran Chapel
School · 2.4 mi away
Twillman Elementary School
Elementary · 2.5 mi away
Riverview Gardens School District
School · 2.5 mi away
Danforth Elementary School
Elementary · 2.5 mi away
Christ Light of the Nations
School · 2.5 mi away
Riverview Gardens School District
Elementary · 2.5 mi away
The Christian Academy
School · 2.6 mi away
Lewis & Clark Elementary School
Elementary · 2.6 mi away
Trinity Catholic High School
Secondary · 2.6 mi away
Hazelwood East High School
Secondary · 2.7 mi away
Hazelwood East Middle School
Secondary · 2.7 mi away
Commute Calculator
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| 10107 Green Valley Drive, St Louis, MO | $74,900 | 2 | 1 | 936 |
Moving Cost Estimate
EXIT Agents in St Louis
Listing Courtesy: Invest St. Louis - 3143256201
Presented by: Matt Guignon