3862 S Spring Ave
- 18 Units Located in South City
- Updated Utility Systems
- Value-Add Opportunity - below market rents
- Large side lot included
- 12 garages for off street parking income
Property Description
Salient Realty Group is pleased to present 3862 S Spring Avenue, an 18-unit apartment complex located in South City. The property consists of twelve, 1 bed/1 bath and six, 2 bed/1 bath units. The property also has 12 garages and a large side lot that is included in the sale. It is positioned near major local employers and the Grand Boulevard corridor. The heavy-duty masonry construction and traditional St. Louis architecture provide a durable foundation for predictable maintenance. This neighborhood is known for its historic architecture and steady demand for rental housing. This asset represents a straightforward opportunity to enter or expand within the South City market.Broker Details
Salient Realty Group 314-451-7471
MLS ID: GALAFSER State License Number: 2015014613
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $1,195,000 |
| No. of Units: | 18 |
| Year Built: | 1931 |
| Lot Size: | 0.50 Acres |
| Opportunity Zone: | No |
| Price per unit: | $66,389 |
| Property Website | Click Here |
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