Active

5500 Mable Avenue

Kinloch MO, 63140

$6,500,000


$86.58 per sqft

Active

75,077 sqft

Commercial

Built in 1969

We are pleased to offer for sale Suburban Heights, a 103-unit value-add multifamily community located in St. Louis, Missouri.

Suburban Heights consists of six buildings totaling 103 units. Built in 1969 and renovated in 2016, the property includes 8 one, 48 two, and 47 three-bedroom floor plans with in-unit washers and dryers.

Suburban Heights has been a strong performer with 92.2% occupancy. Average rents are $805; $124 below comparable product in the area.

The property has an amenity package including fully-gated community, key-fob access, ample off-street parking, manicured landscaping, and a pet friendly community.

The property is located with 5 miles of St. Louis Lambert International Airport and less than two miles from The University of Missouri St. Louis (UMSL) campus.

24063173

MLS ID

October 8, 2024

Listed

November 22, 2024

Updated

Map

5500 Mable Avenue
Kinloch MO, 63140

Interior Features

Laundry Description

Prvt Laund all units


Fireplace

No


Cooling

Yes


Cooling Description

Electric


Heating

Yes


Heating Description

Forced Air

Exterior/Building Features

Lot Size

4.07 Acres


Sewer

Public Sewer

School Information

School District

Ferguson-Florissant R-II


High School

Mccluer South-Berkeley High


Elementary School

Cool Valley Elem.

Other Property Details

Area Name

North


Taxes

$43,894


Tax Frequency

Annually


Days on Market

8


Garage

No


Parking

Space/Unit - 2, Parking Lot


View

No


County

St Louis


Municipality

Kinloch


Water Source

Public


Pool

No

Courtesy of CBRE Inc., Matt Bukhshtaber

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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