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$140,000   Price Analysis
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4028 S Spring Ave
Saint Louis, MO 63116
1 bed 1 bath 1,824 SqFt ($76/SqFt)
3,385SqFt lot. Built 1927
Listed 2024-04-17, Taxes $1,232
Ⓧ USDA Ineligible
due to location

near Saint Louis

Step right up and grab your next rental property with this super affrdable and cash flow ready duplex!

* Sale Pending *

These one bedroom units are easy to rent and boast plenty of old world charm that South City is known for. The first floor is occupied with a tenant paying $760 per month thru 1/31/2025. The first floor is a walk thru bedroom unit. The 2nd floor has a private bedroom, is vacant and ready to lease to your new tenant. Some recent updates include: entire bathroom resurfaced, replaced drain pipes, new light fixtures, new bathroom vanity and new glass storm door.

The seller has done other updates and kept up with the regular maintenance on the building and it shows. Could work well for house hackers as well. Stack is PVC in the basement. The 2nd floor and basement are easy to show and the first floor can be seen with an accepted contract. Seller is selling as is. Check this one out today!


Presented by Brian Miller at
Mogul Realty.
Listing Agent Photo

Property MLS #24023093 from MARIS

Bedrooms: 1

Total Rooms: 6

Some Microwave(s)
Some Refrigerator(s)
Some Range Oven(s)
Some Storm Windows
Some Window Treatmnt

Cooling Features: Central-Electric
Heating Features: Forced Air
Heating Fuel: Gas
Water Heaters: Gas

Full Bathrooms: 1
Bathroom 1 Features: Some Microwave(s), Some Refrigerator(s), Some Range Oven(s), Some Storm Windows, Some Window Treatmnt

Lot Size Acres: 0.0777
Lot Size Dimensions: 26x120
Lot Size Source: County Records
Lot Size Square Feet: 3385

Parking Features: 1-2 Car Detached Grg

Association: No
Calculated Total Monthly Association Fees: 0

Elementary School: Meramec Elem.
High School: Roosevelt High
Middle School: Fanning Middle Community Ed.
School District: St. Louis City

Fanning Middle Community Ed. is a public middle school located approximately 0.8 miles away.
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Meramec Elementary School is a public elementary school located approximately 0.9 miles away.
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Roosevelt High School is a public high school located approximately 1.3 miles away.
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Resurrection of Our Lord is a private elementary and middle school located approximately 0.1 miles away.
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Gross Income: 18240.00
Tenant Pays: Electric, Gas

Bedrooms in Unit-1: 1
Full Bathrooms in Unit-1: 1
Total Rooms in Unit-1: 3
Total Rooms in Unit-2: 3
Unit-1 Description: Family Room, Walk-through BDRM
Unit-2 Description: Family Room

Balcony
Annual Tax Amount: 1349
Source Listing Status: Pending
County: St Louis City
Directions: GPS friendly
Tax Year: 2023
Ownership: Private
Source Property Type: Multi-Family 2-4
Area: South City
Source Neighborhood: Dutchtown
Postal Code Plus 4: 4516
Subdivision: Grand Blvd Park Add
Source System Name: C2C
Coming Soon Date: 2024-04-17

YearAssessments
Building + Land
Total
Tax
2022$13,560 + $1,010
$14,570
$1,232
2021$13,560 + $1,010
$14,570
$1,230
2020$12,670 + $1,010
$13,680
$1,148
2019$12,670 + $1,010
$13,680
$1,144
2018$9,960 + $1,010
$10,970
$950
2017$9,960 + $1,010
$10,970
$935
2016$10,200 + $1,010
$11,210
$967
2015$10,200 + $1,010
$11,210
$878
2014$10,110 + $1,010
$11,120
$871
2013$10,110 + $1,010
$11,120
$871
2012$12,940 + $1,500
$14,440
$1,110
2011$12,940 + $1,500
$14,440
$1,068
2010$14,000 + $1,500
$15,500
$1,100
2009$14,000 + $1,500
$15,500
$1,058
2008$16,270 + $1,500
$17,770
$1,177
2007$16,270 + $1,500
$17,770
$1,180

Listed 2024-04-17
$140,000
MARIS
Sold 2022-01-06
$0
MARIS
Listed 2021-11-17
$110,000
MARIS
Sold 2017-06-27
$0
MARIS
Listed 2017-04-26
$85,000
MARIS
Listing removed 2008-06-15
$94,900
MARIS
Listing removed 2007-10-23
$115,000
MARIS
Listed 2007-09-10
$115,000
MARIS

Net Operating Income: 13388.00

Total Square Feet Living: 1824
Year Built: 1927
Construction Materials: Brick/Stone Msn Pred
Living Area Source: County Records
Property Age: 97
Structure Type: Duplex
House Style: 2-Family
Total Above Grade Sqft Area: 1824

Sewer: Public
Water Source: Public
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.