$1,410,000
$1,495,000
5.7%For more information regarding the value of a property, please contact us for a free consultation.
5946 Kingsbury AVE St Louis, MO 63112
9,372 SqFt
Key Details
Sold Price $1,410,000
Property Type Multi-Family
Sub Type Multi-Family 5+
Listing Status Sold
Purchase Type For Sale
Square Footage 9,372 sqft
Price per Sqft $150
Subdivision Washington Heights Add
MLS Listing ID MAR21068103
Sold Date 03/11/22
Construction Status 109
Year Built 1913
Building Age 109
Lot Size 6,490 Sqft
Acres 0.149
Lot Dimensions 50 x 130
Property Sub-Type Multi-Family 5+
Property Description
Rare opportunity to own a fully-rehabbed investment property in the sweet spot of the Washington University student rental market. Units in high demand, and typically rent 6-8 months in advance of their availability, a 0% vacancy rate is very achievable in this market. 6-unit building, consists of five 2-bed apartments and one huge 3-bed 2-bath townhouse unit. Almost fully leased through June 2023! Boasting in-unit full-sized washer/dryers, hardwood floors, high ceilings, all units have high-end finishes for premium rents. Renovated bathrooms & kitchens with stainless appliances, dishwashers, stone countertops. Carpeted rooms in lower level of townhouse unit only. Systems in great shape: updated electric and plumbing, central AC & forced air heat, new windows, solid brick masonry. New Roof, new deck, list goes on. Excellent off street parking in back. Offered at 6.8% Cap Rate, buildings of this caliber with this return profile rarely come available. Call today before it's gone!
Location
State MO
County St Louis City
Area Central West
Interior
Heating Forced Air
Cooling Electric
Fireplace N
Laundry Prvt Laund all units
Building
Sewer Public Sewer
Water Public
Structure Type Brick
Construction Status 109
Schools
Elementary Schools Hamilton Elem. Community Ed.
Middle Schools Long Middle Community Ed. Center
High Schools Sumner High
School District St. Louis City
Others
Ownership Private
Special Listing Condition None
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