6010 S Kingshighway BLVD Active Save Request In-Person Tour Request Virtual Tour
St Louis,MO 63109
Key Details
Property Type Multi-Family, Commercial
Sub Type Multi-Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 30,000 sqft
Price per Sqft $90
Subdivision Princeton Heights
MLS Listing ID 24076879
Year Built 1940
Building Age 84
Lot Size 1.000 Acres
Property Sub-Type Multi-Family 5+
Property 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
Location
State MO
County St Louis City
Area South City
Interior
Heating Forced Air
Cooling Electric
Laundry Common Laundry
Building
Sewer Public Sewer
Water Public
Structure Type Brick,Frame
Schools
Elementary Schools Buder Elem.
Middle Schools Long Middle Community Ed. Center
High Schools Roosevelt High
School District St. Louis City
Others
Acceptable Financing Cash Only,Conventional,Exchange,Government,Private
Listing Terms Cash Only,Conventional,Exchange,Government,Private
Special Listing Condition Renovated,None