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10624 Spring Garden Drive, Saint Louis, MO 63137

$24,900
  • 10624 Spring Garden Drive, Saint Louis, MO 63137 Main Photo

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Pending
BEDS3 BATHS1 full SQUARE FEET1,001 MLS#25070211
STATUSPending PROPERTY TYPEResidential - Single Family SUBDIVISIONGlasgow Village Unit 10 SCHOOLRiverview Gardens

Property Description

Hurt people, hurt homes. Each of the five homes in this package have been abused, abandoned, and are now waiting for someone with vision to bring them back to life. Are you a visionary investor ready to embrace the challenge and reap the rewards of transforming these neglected properties? Many possibilities exist: 1) Buy, clean them up, and flip them to an end investor willing to perform a full renovation. 2) Buy, perform rental-grade rehabs, and add them to your own portfolio for positive cash flow. 3) Or complete quality rehabs and sell to first-time home buyers eager for affordable, move-in ready homes in a market with limited inventory. All five homes are located within a two-mile radius of each other, making it incredibly efficient to manage crews, materials, and progress. Whether you self-perform work or use subcontractors, you'll appreciate how much time and money this proximity saves. Imagine your contractors being able to move from one property to the next in minutes-no wasted travel time, no logistical headaches. This cluster investment model is ideal for experienced investors looking to scale operations, establish consistent project flow, and boost ROI through shared labor, materials, and overhead. Newer investors looking to enter the St. Louis market can also benefit from acquiring multiple properties at once, building instant portfolio depth and leverage. Other investor advantages include: 1) Ability to stagger renovations and resales for steady cash flow; 2) Option to refinance or package the properties as a performing rental portfolio; 3) Increased control over neighborhood value through improvements; 4) Streamlined management and maintenance with centralized locations. With a bit of TLC and imagination, you can turn these dilapidated dwellings into happy, habitable homes-ready to serve their purpose once again. Investor bonus: properties in this area have seen an uptick in rental demand as affordable housing options continue to shrink. Rents in comparable neighborhoods are rising steadily, providing an opportunity for strong returns once renovations are complete. With the right strategy, you could rehab and rent several units, then refinance to pull equity and reinvest in your next project-all while maintaining ownership of appreciating assets.Each property offers its own unique potential-some better suited for a medium rehab and fast turnaround, others calling for a deeper renovation that will yield higher long-term value. The diversity within this package allows investors to balance short-term gains with long-term appreciation. Bulk deals like this are rare, especially ones that offer immediate upside with such low acquisition costs. Whether your strategy is buy-and-hold, fix-and-flip, or value-add rental creation, this portfolio delivers multiple exit strategies under one umbrella. If you've been looking for an opportunity to expand your footprint, lower per-unit costs, and increase your overall yield, this is it.

10624 Spring Garden Drive | MLS# 25070211

This single family home located at 10624 Spring Garden Drive, Saint Louis, MO 63137 is currently listed for sale with an asking price of $24,900. This property was built in 1954 and has 3 bedrooms and 1 full baths with 1001 sq. ft. Spring Garden Drive is located in the Glasgow Village Unit 10 subdivision within the Riverview Gardens school district. Search Glasgow Village Unit 10 real estate on www.dave-bueker.com today.

Property Features

Property Type: Residential - Single Family
Basement: Yes
Basement: Concrete, Full, Unfinished
Cooling: Central Air
Garage: 1
Heating: Forced Air, Natural Gas
Home Style: Ranch
Lot Size: 0.15 Acres
Taxes: $1,402
Year Built: 1954

Feature Descriptions

Appliances: None
Days on Site: 130
Exterior: Aluminum Siding
Parcel#: 11D-53-0240
Sewer: Public Sewer
SQFT. Above Grade: 1001
Utilities: Electricity Connected, Electricity Not Available, Natural Gas Connected, Natural Gas Not Available, Sewer Available, Sewer Connected, Water Connected, Water Not Available
Water: Public

Local Schools

High School: Riverview Gardens Sr. High
Middle School: R. G. Central Middle
Elementary School: Highland Elem.
School District: Riverview Gardens

Listed By / Shown By

Listed By

Agency Name: Elevate Realty, LLC

Shown By

Agent Name: Dave Bueker
Agent Phone: (314) 276-9616
Agency Title: RedKey Realty Leaders

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Estimated Payment

$ 259.75 per month $135.66 Principal & Interest $116.83 Property Tax $7.26 Homeowner's Insurance

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David Ames, Sales Manager, NMLS #738479

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