5101 S KINGSHIGHWAY BLVD
ST LOUIS, MO 63109
$1,650,000
0 Beds
0 Baths
13,869 Sq Ft
Status Pending
MLS# 24032581
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.
Details for 5101 S KINGSHIGHWAY BLVD
$119 / Sq Ft
0 parking spaces
Forced Air
38 Days on website
0.0778 acres lot
Area Information for 5101 S KINGSHIGHWAY BLVD
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