St Louis, MO 63109,5101 S Kingshighway BLVD
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St Louis, MO 63109,5101 S Kingshighway BLVD
St Louis, MO 63109,5101 S Kingshighway BLVD
St Louis, MO 63109,5101 S Kingshighway BLVD
St Louis, MO 63109,5101 S Kingshighway BLVD

$1,510,000

Est. payment /mo

$1,650,000

8.5%
Est.Price: ?

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5101 S Kingshighway BLVD St Louis, MO 63109

13,869 SqFt

SOLD DATE : 08/21/2024

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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Listed by Jordan Schoen • Invest St. Louis
Bought with Rosalyn Luna

Suzanna Wolfe

Broker | License ID: 2007010758

+1(573) 245-8774

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