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
Lot & Building Features
ConstructionBrick, Frame
CoolingElectric
Heat SourceElectric
HeatingForced Air
Parking DescriptionParking Garage, Space/Unit - 1, Parking Lot
SewerPublic Sewer
Tax Year2024
WaterPublic
Lot Dimensions220 ft x 133 ft ft
Community and Schools
Elementary SchoolBuder Elem.
Junior High SchoolLong Middle Community Ed. Center
Senior High SchoolRoosevelt High
Price History of 6010 S Kingshighway Boulevard, St Louis, MO
Date
Name
Price
Difference
12/19/2024
Listing Price
$2,700,000
N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.
12851 Manchester Rd Ste 110 Saint Louis, MO 63131 314-835-6008
Listed by CBRE Inc., Corey Egan & Matt Bukhshtaber
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20%
0.48725925925926%
6.75%
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$
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Principal & Interest
Monthly Taxes
Monthly HOA
Monthly Home Ins.
Monthly PMI
6010 S Kingshighway Boulevard (MLS #24076879) is a multi-family listing located in St Louis, MO.
This multi-family listing is 30,000 sqft and on a lot of 43,560 sqft (or 1.00 acres) and is 84 years old. This property was listed on 12/19/2024 and has been priced for sale at $2,700,000.
Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.
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Listing information courtesy of: CBRE Inc.
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