Kathleen Apartments is a 40-unit garden style apartment complex located at 1510 Leonaire Court in St. Louis, Missouri. Composed of two residential one-story buildings with ±28,824 SF on ±1.97 AC of land. Property has 40 units and is comprised exclusively of 600 SF, 1 bed/1 bath apts. There are 30 units that have undergone recent CapEx and of the 30 units, 24 are currently occupied (±80%) with rents averaging $460 monthly per unit. Overall occupancy inclusive of down units is ±60%. Several units have been renovated in the last 2 years. More than half of the units received all new vinyl plank flooring, new appliances, some received new HVAC, water heaters, electrical and plumbing was redone on an as needed basis. The property’s location is just minutes from Christian Northeast Hospital, Sierra Vista Retail Plaza, Alton Illinois, Highway 67 and I-270, and a 15-minute drive to Lambert International Airport. Tenants enjoy a quiet setting within walking of 2 parks and gold course
Listing courtesy of Eaton Properties, Inc..
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