Multi-Family for Sale: 5101 S Kingshighway Boulevard, St Louis, MO 63109

5101 S Kingshighway Boulevard, St Louis, MO 63109
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Type Multi-Family
Square Footage 13,869 sqft
Lot Size 0.08 acres
Year Built 1928
Assoc Fee Paid None
Taxes Paid $6,113

City St Louis
County St Louis City
School District St. Louis City
Subdivision Haydens Blvd Heights Add

MLS 23041258
Status Active
DOM 77 days
Well-maintained apartment complex located in the South Hampton neighborhood, across the street from Christy Park and a half mile from a $72M apartment development that has broken ground. Built in 1928, this building has beautiful architectural detail along with terrazzo floors. There is a value-add component to the property with many rents below market. Owner has raised rents of some original units to $885 a month. 6 units have been updated with 3 in process, updated units rent from $895 to $960. 1 bedroom apartments nearby are renting for as much as $995. Several units can be raised as-is with a lease renewal or new tenant. If all rents were raised to market rents it would generate a substantial additional income annually. Building has updated electric. Electric heating units in renovated apartments were added in order to reduce use of the boiler and reduce gas costs. Seller currently provides heat through a boiler system. There are 3 commercial spaces rented on the first floor.

Lot & Building Features

Assoc Fee Paid None
Construction Brick
Cooling Window Unit(s)
Heat Source Electric, Steam
Heating None
Parking Description On Street
Sewer Public Sewer
Tax Year 2022
Water Public
Lot Dimensions 50x125x51x125 ft

Community and Schools

Elementary School Buder Elem.
Junior High School Long Middle Community Ed. Center
Senior High School Roosevelt High

Price History of 5101 Kingshighway Boulevard, St Louis, MO

Date Name Price Difference
07/15/2023 Listing Price $1,650,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Map of 5101 Kingshighway Boulevard, St Louis, MO

Location Map Street View Walk Score
Photo of Loren Jenks
Direct: 314-308-3069
2242 Thurman Ave
Saint Louis, MO 63110
Listed by Invest St. Louis, Jordan Schoen
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Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

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Listing information courtesy of: Invest St. Louis

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