Price Reduced Listing**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!
| MLS # | 26062900 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1927 |
| Days On Site | 42 |
| Listing Provided By | Mogul Realty | Brian Miller |
| SQ Feet | 1,824 |
|---|---|
| Garage | 2 |
| Basement | Y |
| Story(s) | 2 |
| Units | 2 |
| Acreage | 0.07 |
| Cooling | Ceiling Fan(s), Central Air |
|---|---|
| Heating | Forced Air, Gas |
| Appliances | Electric Oven, Refrigerator |
| Roof | Flat |
|---|---|
| Construction Materials | Brick |
| Lot Features | Level |
| Fencing | Chain Link |
| Garage Yes / No | Yes |
|---|---|
| Attached Garage Yes / No | Yes |
| Senior Community Yes / No | No |
|---|
| Utilities | Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected |
|---|---|
| Electric | Ameren |
| Property | 1834 |
|---|
| State | MO |
|---|---|
| County | St Louis City |
| City | St Louis |
| Zip Code | 63116 |
| Area | South City |
| Community Name | Grand Blvd Park Add |
| School District | Roosevelt High |
| Elementary School | Meramec Elem. |
| High School | Roosevelt High |
| Listing VS Median (in Grand Blvd Park Add) | |
Price: $160,000 low | high Med: $162,500 sqft: 1,824 low | high Med: 2,047 $ / sqft: $88 low | high Med: $80 On site: 42 low | high Med: 91 | |
| State | MO |
|---|---|
| County | St Louis City |
| City | St Louis |
| Zip Code | 63116 |
| Area | South City |
| Community Name | Grand Blvd Park Add |
| School District | Roosevelt High |
| Elementary School | Meramec Elem. |
| High School | Roosevelt High |
| Listing VS Median (in Grand Blvd Park Add) | |
Price: $160,000 low | high Med: $162,500 sqft: 1,824 low | high Med: 2,047 $ / sqft: $88 low | high Med: $80 On site: 42 low | high Med: 91 | |