10809 Spring Garden Drive, St Louis, MO 63137
GREAT CASH FLOW INVESTMENT OPPORTUNITY! – This recently renovated property is part of a 6 single family home investment package; including 4 – 100% Section 8 provided tenants, 1 fair market tenant and 1 vacant (seller can readily acquire Section 8 tenant or leave vacant based on buyer preference) Fully rented, properties can generate $67,200 in gross annual rent with 11.15% CAP rate (rate includes annual 8% provision for property management and 5% for maintenance) All properties are within a 5-mile radius. All utilities are paid by tenants. Most major systems were replaced upon purchase in 2022. For complete details on this package, please see brochure located in the supplements. MLS numbers for the additional properties are as follows: 23008310, 23008316, 23008317, 23008319, 23008320
Listing Agent: Sharlotte Luna