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.
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.
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