6010 S Kingshighway Boulevard St Louis, MO 63109

30,000 Sqft
43,560 Sqft lot
1 Acre lot
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$2,700,000 Est. $9,942 / mo.*
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Status: Active
Property Type: Multi-family 5+
Year Built: 1940
Days on Website: 29

Listing courtesy of CBRE Inc..

Description

Opportunity to acquire this 25-unit turnkey property located at 6010-6020 South Kingshighway Boulevard in the Princeton Heights neighborhood of South City, St. Louis. Beautiful Art-Deco building constructed in 1940 and fully-renovated in 2013, the Property features a mix of studio, one, two, and three bedroom units. Located in a submarket with historically phenomenal occupancy, allowing investors to acquire a well-performing asset with the opportunity to push rents through further upgrades during the new ownership period. Summary Below: •Avg. In Place Rents of $1026 is $89 below $1115 market average •One Studio, Twelve One Bedrooms, Six Two Bedrooms, & Six Three Bedrooms Provide Great Unit Mix •Currently 92% Occupied •Exclusive garage parking + gated surface lot (32 spaces) – a rare amenity in this area •Units feature fully-equipped kitchens w/ stainless steel appliances, hardwood floors, and updated fixtures. •Shared Laundry in the basement – 8 full-size washers and dryers

Open House

Property Details and Features

  • Efficiency Baths: 1 Full
  • One Bedroom Unit Baths: 1 Per Unit
  • Two Bedroom Unit Baths: 1 Per Unit
  • Three Bedroom Unit Baths: 1 Per Unit
  • Above Grade Finished Area: 30000 Sq.Ft.
  • Above Grade Finished Area Source: Other
  • Construction Materials: "Brick", "Frame"
  • Building Age: 84
  • Number Of Units Total: 25
  • Year Built: 1940
  • Neighborhood: Princeton Heights
  • Cooling: "Electric"
  • Disclosures: "Unknown", "City", "Flood Plain No", "Occupancy Perm Req", "Sellers Discl Not Av"
  • Heating: "Forced Air"
  • Heating Included
  • Heat Source: Electric
  • Net Operating Income: 159641
  • Features: "Common Laundry"
  • Inclusions: Building & Land
  • Lease Term: Leases
  • Efficiency Rent: $635
  • One Bedroom Unit Includes: 4 Rooms,Eat-In Kitchen,Living/Great Room,Refrigerator,Range/Oven
  • One Bedroom Unit Rent: 980
  • Two Bedroom Unit Includes: Eat-In Kitchen,Living/Great Room,Refrigerator,Range/Oven
  • Two Bedroom Unit Rent: 1125
  • Three Bedroom Unit Includes: Eat-In Kitchen,Living/Great Room,Refrigerator,Range/Oven
  • Three Bedroom Unit Rent: 1257
  • Price per Sq.Ft.: $90
  • Transaction Type: Sale
  • Ownership Type: Private
  • Location: City
  • Major Area: South City
  • Parcel Number: 5644-00-0220-0
  • Subdivision Name: Princeton Heights
  • Township: St. Louis City
  • Lot Size Acres: 1
  • Lot Size Dimensions: 220 ft x 133 ft
  • Lot Size Source: Other
  • Lot Size Square Feet: 43560 Sq.Ft.
  • Features: "Space/Unit - 1", "Parking Garage", "Parking Lot"
  • Possession: "Close Of Escrow"
  • 1 efficiency unit
  • 12 one-bedroom units
  • 6 two-bedroom units
  • 6 three-bedroom units
  • Property Type: Apartment Complex
  • Property Sub Type: Multi-Family 5+
  • Elementary School: Buder Elem.
  • High School: Roosevelt High
  • High School District: St. Louis City
  • Middle Or Junior School: Long Middle Community Ed. Center
  • "Public Sewer"
  • Annual Tax Amount: 13156
  • Tax Year: 2024
  • Tenant Pays: "Electricity"
  • Water Source: "Public"

Location

$2,700,000 - 6010 S Kingshighway Boulevard, St Louis, MO 63109
6010 S Kingshighway Boulevard St Louis, MO 63109
Location: City

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