Active

6010 S Kingshighway Boulevard

St Louis MO, 63109

$2,700,000


$90.00 per sqft

Active

30,000 sqft

Commercial

Built in 1940

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

24076879

MLS ID

December 19, 2024

Listed

December 20, 2024

Updated

Map

6010 S Kingshighway Boulevard
St Louis MO, 63109

Interior Features

Laundry Description

Common Laundry


Fireplace

No


Cooling

Yes


Cooling Description

Electric


Heating

Yes


Heating Description

Forced Air

Exterior/Building Features

Lot Size

1 Acre


Sewer

Public Sewer

School Information

School District

St. Louis City


High School

Roosevelt High


Elementary School

Buder Elem.

Other Property Details

Area Name

South City


Taxes

$13,156


Tax Frequency

Annually


Days on Market

1


Garage

No


Parking

Space/Unit - 1, Parking Garage, Parking Lot


View

No


County

St Louis City


Municipality

St. Louis City


Water Source

Public


Pool

No

Courtesy of CBRE Inc., Corey M Egan

Listings displaying the MARIS logo are courtesy of the participants of MO - Mid America Regional Information Systems (MARIS) Internet Data Exchange. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Chris Clark shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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