10514 Spring Garden Drive, Saint Louis, MO 63137
Local realty services provided by:CENTURY 21 Broughton Team
10514 Spring Garden Drive,St Louis, MO 63137
$104,900
- 3 Beds
- 1 Baths
- 969 sq. ft.
- Single family
- Active
Listed by: matt guignon, joey schenck
Office: invest st. louis
MLS#:26020453
Source:MO_MARIS
Price summary
- Price:$104,900
- Price per sq. ft.:$108.26
About this home
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....
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Home facts
- Year built:1956
- Listing ID #:26020453
- Added:61 day(s) ago
- Updated:June 15, 2026 at 04:33 PM
Rooms and interior
- Bedrooms:3
- Total bathrooms:1
- Full bathrooms:1
- Rooms Total:5
- Basement:Yes
- Basement Description:Full
- Living area:969 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Forced Air
- Central air:Yes
Structure and exterior
- Year built:1956
- Building area:969 sq. ft.
- Lot area:0.22 Acres
- Architectural Style:Ranch, Traditional
- Construction Materials:Aluminum Siding, Vinyl Siding
- Levels:1 Story
Schools
- High school:Riverview Gardens Sr. High
- Middle school:R. G. Central Middle
- Elementary school:Glasgow Elem.
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$104,900
- Price per sq. ft.:$108.26
- Tax amount:$1,475 (2025)
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