Active
5500 Mable Avenue
Kinloch, MO 63140
75,077 sqft
$6,500,000
Details
We are pleased to offer for sale Suburban Heights, a 103-unit value-add multifamily community located in St. Louis, Missouri.
Suburban Heights consists of six buildings totaling 103 units. Built in 1969 and renovated in 2016, the property includes 8 one, 48 two, and 47 three-bedroom floor plans with in-unit washers and dryers.
Suburban Heights has been a strong performer with 92.2% occupancy. Average rents are $805; $124 below comparable product in the area.
The property has an amenity package including fully-gated community, key-fob access, ample off-street parking, manicured landscaping, and a pet friendly community.
The property is located with 5 miles of St. Louis Lambert International Airport and less than two miles from The University of Missouri St. Louis (UMSL) campus.
Specs
Type Multi-Family
Square Footage 75,077 sqft
Lot Size 4.07 acres
Year Built 1969
Taxes Paid $43,894
Lots & Building Features
Cooling Electric
Heat Source Electric
Heating Forced Air
Parking Description Parking Lot, Space/Unit - 2+
Sewer Public Sewer
Tax Year 2023
Water Public
Lot Dimensions 85056 sf ft
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Area
City Kinloch
County St Louis
School District Ferguson-Florissant R-II
Subdivision South Kinloch Park Second Add
Schools
Elementary School Cool Valley Elem.
Junior High School Berkeley Middle
Senior High School Mccluer South-Berkeley High