Multi-Family for Sale: 5101 S Kingshighway Boulevard, St Louis, MO 63109 SOLD
13,869 sqft
$1,510,000
$1,510,000
5101 S Kingshighway Boulevard,
St Louis, MO 63109 SOLD
13,869 sqft
$1,510,000
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Selling Price: $1,510,000
Original List Price: $1,650,000
Sold at 91.5% of list price
Sold Date: 08/21/2024
Type Multi-Family
Square Footage 13,869 sqft
Lot Size 0.08 acres
Year Built 1928
Taxes Paid $5,897
City St Louis
Area South City
County St Louis City
Subdivision Haydens Blvd Heights Add
MLS 24032581
Status Closed
DOM 14 days
Well-maintained apartment complex in the South Hampton neighborhood. The seller has recently completed adding some central heating systems which will reduce heating costs, increase rent potential in the future, and add value to the building. Built in 1928, the building has beautiful architectural detail including some terrazzo floors. There is a value-add component with many rents below market. Nearby similar 1-bed apartments are renting for as much as $995. Owner has raised rents of some non-updated units. 9 units have been recently updated and 1 has been partially updated. The owner now charges $40 to new tenants or renewals for internet. Some units have not been charged for internet yet. There is also income from the common laundry. Building has updated electric panels and exterior service. Storage units are available for tenants. Potential to add more storage. There is some pvc and pex plumbing being added to renovated units. There are 3 commercial spaces rented on the first floor.
Lot & Building Features
Construction Brick
Cooling Gas
Heat Source Electric, Steam
Heating Forced Air
Parking Description On Street
Sewer Public Sewer
Tax Year 2023
Water Public
Lot Dimensions 50x125x51x125 ft
Community and Schools
Junior High School Long Middle Community Ed. Center
Senior High School Roosevelt High
Price History of 5101 Kingshighway Boulevard, St Louis, MO
Date | Name | Price | Difference |
---|---|---|---|
05/22/2024 | Listing Price | $1,510,000 | N/A |
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed. |
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