MO > St Louis > Princeton Heights
St Louis, MO 63109,6010 S Kingshighway BLVD
St Louis, MO 63109,6010 S Kingshighway BLVD
St Louis, MO 63109,6010 S Kingshighway BLVD
Additional details
Joe LoPiccolo

Joe LoPiccolo

+1(314) 422-0125
$2,700,000
Est. payment /mo
30,000 SqFt
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UPDATED:

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

Construction Status 84

Year Built 1940

Building Age 84

Lot Size 1.000 Acres

Acres 1.0

Lot Dimensions 220 ft x 133 ft

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

Fireplace N

Laundry Common Laundry

Building

Sewer Public Sewer

Water Public

Structure Type Brick,Frame

Construction Status 84

Schools

Elementary Schools Buder Elem.

Middle Schools Long Middle Community Ed. Center

High Schools Roosevelt High

School District St. Louis City

Others

Ownership Private

Acceptable Financing Cash Only, Conventional, Exchange, Government, Private

Listing Terms Cash Only, Conventional, Exchange, Government, Private

Special Listing Condition Renovated, None

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Listed by Corey Egan • CBRE Inc.

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agent

Joe LoPiccolo

+1(314) 422-0125

Broker Associate | License ID: 2005026477

Broker Associate License ID: 2005026477

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