$1,510,000
$1,650,000
8.5%For more information regarding the value of a property, please contact us for a free consultation.
5101 S Kingshighway BLVD St Louis, MO 63109
13,869 SqFt
Key Details
Sold Price $1,510,000
Property Type Multi-Family
Sub Type Multi-Family 5+
Listing Status Sold
Purchase Type For Sale
Square Footage 13,869 sqft
Price per Sqft $108
Subdivision Haydens Blvd Heights Add
MLS Listing ID 24032581
Sold Date 08/21/24
Construction Status 96
Year Built 1928
Building Age 96
Lot Size 3,389 Sqft
Acres 0.0778
Lot Dimensions 50x125x51x125
Property Description
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.
Location
State MO
County St Louis City
Area South City
Interior
Heating Forced Air
Cooling Gas
Fireplace N
Laundry Coin Operated
Building
Sewer Public Sewer
Water Public
Structure Type Brick
Construction Status 96
Schools
Elementary Schools Buder Elem.
Middle Schools Long Middle Community Ed. Center
High Schools Roosevelt High
School District St. Louis City
Others
Ownership Private
Acceptable Financing Cash Only, Conventional, Other
Listing Terms Cash Only, Conventional, Other
Special Listing Condition Renovated, None
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Bought with Rosalyn Luna