5946 Kingsbury Avenue, St Louis, MO 63112

$1,495,000
List Price
$1,495,000
Price Change
▼ $30,000 1641355827
Days on Market
126
MLS#
MAR21068103
Status
ACTIVE
Lot Size
6,490
Sq. Ft. Above
9,372
Acres
0.149
Subdivision
Washington Heights Add
Municipality
St. Louis City
School District
St. Louis City
County
St Louis City
Year Built
1913
Listing Type
Commercial

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!

Additional Information

Elementary School
Hamilton Elem. Community Ed.
Jr. High School
Long Middle Community Ed. Center
Sr. High School
Sumner High
Construction
Brick
Parking Description
Space/Unit - 1, Parking Lot
Lot Dimensions
50 x 130
Cooling
Electric
Sewer
Public Sewer
Heating
Forced Air
Water
Public
Heat Source
Gas
Price Per Sq. Ft
159.52
Taxes Paid
6192
Selling Terms
Cash Only, Conventional
Buyers Agent Commission
2.25

Mortgage Calculator

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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Evan Kuhn, Broker.

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