$104,900

10514 Spring Garden Drive, St Louis, MO 63137

3 beds |
1 bath |
969 sqft

Single-Family Home
Built in 1956
9,583sqft lot
—— car garage
$108/sqft
Listed 2 months ago

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.

Listing Status:: Active
Date Added:: April 27, 2026
Data Last Updated:: July 9, 2026 at 10:16PM
Listing Office:: Invest St. Louis : 314-325-6201
MLS ID:: 26020453

Basement: Full
A/C: Central Air
Heating: Forced Air

Style: RanchTraditional

General: Aluminum SidingVinyl SidingOne

Originating MLS: maris2
School District: Riverview Gardens
County: St. Louis

Zoning: 11D-42-0691

Utilities: Ameren
Water: Public
Sewer: Public Sewer

Source: maris2

This listing courtesy of Invest St. Louis

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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