Log In/Sign Up
Your email has been sent.
3862-3866 S Spring Ave 18 Unit Apartment Building $1,250,000 ($69,444/Unit) 8.83% Cap Rate Saint Louis, MO 63116
Investment Highlights
- 18 Units Located in South City
- Value-Add Opportunity - below market rents
- 12 garages for off street parking income
- Updated Utility Systems
- Large side lot included
Executive Summary
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.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,250,000 | Building Class | C |
| Price Per Unit | $69,444 | Lot Size | 0.50 AC |
| Sale Type | Investment | Building Size | 15,312 SF |
| Cap Rate | 8.83% | Average Occupancy | 89% |
| No. Units | 18 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1931 |
| Property Subtype | Apartment | Parking Ratio | 0.78/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | B | ||
| Price | $1,250,000 |
| Price Per Unit | $69,444 |
| Sale Type | Investment |
| Cap Rate | 8.83% |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.50 AC |
| Building Size | 15,312 SF |
| Average Occupancy | 89% |
| No. Stories | 3 |
| Year Built | 1931 |
| Parking Ratio | 0.78/1,000 SF |
| Zoning | B |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 12 | - | 700 |
| 2+1 | 6 | - | 997 - 1,025 |
1 1
Walk Score®
Very Walkable (78)
Property Taxes
| Parcel Number | 4178-03-0120-0 | Improvements Assessment | $110,260 |
| Land Assessment | $9,080 | Total Assessment | $119,340 |
Property Taxes
Parcel Number
4178-03-0120-0
Land Assessment
$9,080
Improvements Assessment
$110,260
Total Assessment
$119,340
1 of 19
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
3862-3866 S Spring Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.