6010 Kingshighway Blvd StSt. Louis, MO 63109

For Sale
$2,700,000

25-Unit Multifamily Investment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional 25-unit apartment building, located at 6010-20 S Kingshighway Blvd in St. Louis, Missouri, presents a compelling investment opportunity. Built in 1940 and extensively renovated in 2013, the property boasts 24,000 square feet of net rentable space. The unit mix includes studios, one, two, and three-bedroom apartments, with a notable 48% comprised of two and three-bedroom units catering to a family-oriented market. Each unit features fully equipped kitchens with stainless steel appliances and quartz countertops, reflecting the high-quality renovation. The property benefits from its location in the Princeton Heights neighborhood of South City, offering convenient access to Highway 55 and downtown St. Louis. The surrounding area demonstrates strong demographics, with an average household income of $96,469 and an average housing value of $256,467 within a one-mile radius. The building also includes the rare amenity of exclusive garage parking. This well-maintained property, situated in a submarket with a history of high occupancy, offers investors a chance to acquire a proven performer with potential for further rental growth. The asking price for this turnkey investment is $2,700,000. The property's zip code is 63109.

Highlights

  • 2013 full renovation.
  • Units boast stainless steel appliances, quartz countertops, and updated fixtures.
  • Strong demographics: $96,469 average household income and $256,467 average home value within one mile.
  • 48% of units are two- and three-bedroom, appealing to families.
  • Exclusive garage parking; a rare amenity.

Property Details for 6010 Kingshighway Blvd St

Property type
Multifamily properties, Apartment buildings
Year Built/Renovated
1940/2013
Buildings
1
Units
25

Location Insight

City
St. Louis
County
State
Missouri
Latitude
38.575578925912
Longitude
-90.283699814547
6010 Kingshighway Blvd St, St. Louis, Missouri

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6010 Kingshighway Blvd St
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