5500 Mable Avenue Kinloch, MO 63140

75,077 Sqft
177,289 Sqft lot
4.07 Acre lot
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$6,500,000 Est. $23,935 / mo.*
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Status: Active
Property Type: Multi-family 5+
Year Built: 1969
Days on Website: 101

Listing courtesy of CBRE Inc..

Description

We are pleased to offer for sale Suburban Heights, a 103-unit value-add multifamily community located in St. Louis, Missouri. Suburban Heights consists of six buildings totaling 103 units. Built in 1969 and renovated in 2016, the property includes 8 one, 48 two, and 47 three-bedroom floor plans with in-unit washers and dryers. Suburban Heights has been a strong performer with 92.2% occupancy. Average rents are $805; $124 below comparable product in the area. The property has an amenity package including fully-gated community, key-fob access, ample off-street parking, manicured landscaping, and a pet friendly community. The property is located with 5 miles of St. Louis Lambert International Airport and less than two miles from The University of Missouri St. Louis (UMSL) campus.

Open House

Property Details and Features

  • One Bedroom Unit Baths: 1 Per Unit
  • Two Bedroom Unit Baths: 1 Per Unit
  • Three Bedroom Unit Baths: 2 or More Per Unit
  • Above Grade Finished Area: 75077 Sq.Ft.
  • Above Grade Finished Area Source: Owner
  • Building Age: 55
  • Number Of Units Total: 103
  • Year Built: 1969
  • Cooling: "Electric"
  • Disclosures: "Unknown", "Sellers Discl Not Av"
  • Heating: "Forced Air"
  • Heating Included
  • Heat Source: Electric
  • Net Operating Income: 398013
  • Features: "Prvt Laund all units"
  • Inclusions: Building & Land
  • Lease Term: Leases
  • Price per Sq.Ft.: $87
  • Transaction Type: Sale
  • Major Area: North
  • Parcel Number: 12J-22-1641
  • Subdivision Name: South Kinloch Park Second Add
  • Township: Kinloch
  • Lot Size Acres: 4.07
  • Lot Size Dimensions: 85056 sf
  • Lot Size Source: County Records
  • Lot Size Square Feet: 177289 Sq.Ft.
  • Features: "Space/Unit - 2+", "Parking Lot"
  • Possession: "Close Of Escrow"
  • 8 one-bedroom units
  • 48 two-bedroom units
  • 47 three-bedroom units
  • Property Type: Apartment Complex
  • Property Sub Type: Multi-Family 5+
  • Elementary School: Cool Valley Elem.
  • High School: Mccluer South-Berkeley High
  • High School District: Ferguson-Florissant R-II
  • Middle Or Junior School: Berkeley Middle
  • "Public Sewer"
  • Annual Tax Amount: 43894
  • Tax Year: 2023
  • Tenant Pays: "Electricity", "Trash Collection", "Water"
  • Water Source: "Public"

Location

$6,500,000 - 5500 Mable Avenue, Kinloch, MO 63140
5500 Mable Avenue Kinloch, MO 63140
Major Area: North

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