6010 Kingshighway Blvd St St. Louis, MO 63109
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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Risks
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