Rock Island Realty

Mid-Rise 3or4 Story

5946 Kingsbury Avenue

St Louis, MO 63112

MLS#: 21068103

$1,495,000

Status: Closed
Listing number: 21068103
Listing provided by: Evan Kuhn, Broker
Listing agent phone: None
Last update: N/A
On site: N/A
Browse Properties
Washington Heights Add - Residential Income

Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1913

Sq.Footage

9,372

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!

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Above Grade Finished Area

    9372.0

  • Basement YN

    NO

  • Cooling YN

    YES

  • Cooling

    Central Air, Electric

  • Fireplace YN

    NO

  • Heating YN

    YES

  • Heating

    Forced Air, Natural Gas

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Brick

  • Parking

    Assigned, Open, Parking Lot

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.149

  • Property Type

    Residential Income

  • Property Sub Type

    Multi Family

  • Architectural Style

    Mid-Rise 3or4 Story

Price

  • Sales Price

    $1,495,000

  • Tax Amount

    $6,192

  • Sq. Footage

    9, 372

  • Price/SqFt

    $159

HOA

  • Association

    No

School District

  • Elementary School

    Hamilton Elem. Community Ed.

  • Middle School

    Long Middle Community Ed. Center

  • High School

    Sumner High

Property Features

  • Ownership

    Private

  • Sewer

    Public Sewer

  • Water Source

    Public

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Location

County

St Louis City-MO

Elementary School

Hamilton Elem. Community Ed.

Middle School

Long Middle Community Ed. Center

High School

Sumner High

Listing Courtesy of Evan A Kuhn , Evan Kuhn, Broker

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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!

5946 Kingsbury Avenue

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