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Stephanie Muhlenfeld

smuhlenfeld@gmail.com +1(314) 597-7494

$ 160,000

Est. payment | -/mo

1,824 SqFt

Save

$ 160,000

Est. payment | -/mo

Save

1,824 SqFt

Key Details

Property Type Multi-Family

Sub Type 2-4 Units

Listing Status Active

Purchase Type For Sale

Square Footage 1,824 sqft

Price per Sqft $87

Subdivision Grand Blvd Park Add

MLS Listing ID 26062900

Style Historic

Year Built 1927

Annual Tax Amount $1,834

Lot Size 3,118 Sqft

Acres 0.0716

Property Sub-Type 2-4 Units

Property Description

**Price Improvement with a $2,500 seller credit offered!** INVESTORS & HOUSE HACKERS—THIS ONE IS READY TO GO! Welcome to 4028 S Spring Ave, a nicely updated South City duplex offering an excellent combination of current rental income, an immediately usable second unit, and several important improvements already completed. Whether you're looking to add a straightforward rental to your portfolio or live in one unit while generating income from the other, this property offers plenty of flexibility. The 1st-floor unit is currently occupied at $850/month, plus an additional $50/month toward water, sewer and trash, providing $900/month in current gross income. The 2nd-floor unit is vacant, giving a new owner the opportunity to move in, place a new tenant, or establish their own lease terms. The previous tenant also paid $850/month plus the $50 monthly utility contribution. Seller will provide the occupancy permit for the vacant unit. Recent improvements include a new sewer lateral inside the building, updated kitchens, new LVP flooring in the kitchens and bathrooms, and two new electrical panels. These updates take some of the big-ticket concerns off the table and make this duplex an attractive option for an investor looking for a property that is ready to put to work. For the investor, the existing tenant provides day-one rental income, while the vacant unit creates an opportunity to establish a new lease and increase overall gross income. For the owner occupant, live in one unit and let the other unit help offset your housing expenses—a classic South City house-hacking opportunity.The building offers the charm and character buyers expect from a South City duplex while incorporating practical updates that today's tenants and owners appreciate. With one unit already producing income and the other ready for its next occupant, 4028 S Spring is a duplex worth adding to your tour list!

Location

State MO

County St Louis City

Area 3 - South City

Rooms

Basement Unfinished

Interior

Heating Forced Air, Gas

Cooling Ceiling Fan(s), Central Air

Flooring Hardwood, Luxury Vinyl

Fireplace Y

Appliance Electric Oven, Refrigerator

Laundry In Basement

Exterior

Parking Features true

Garage Spaces 2.0

Fence Chain Link

Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

View Y/N No

Roof Type Flat

Private Pool false

Building

Lot Description Level

Story 2

Water Public

Level or Stories Two

Structure Type Brick

Schools

Elementary Schools Meramec Elem.

Middle Schools Fanning Middle Community Ed.

High Schools Roosevelt High

School District St. Louis City

Others

Ownership Private

Acceptable Financing 1031 Exchange, Cash, Conventional, VA Loan

Listing Terms 1031 Exchange, Cash, Conventional, VA Loan

Special Listing Condition Standard

Listed by Brian Miller • Mogul Realty

Schools and Properties Nearby

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(314) 597-7494

smuhlenfeld@gmail.com

Learn More About LPT Realty

4028 S Spring AVE St Louis, MO 63116