5500-5602 Mable Ave - Apartments FOR SALE
Saint Louis, MO 63140 |
5500-5602 Mable Ave
Saint Louis, MO 63140
HIGHLIGHTS
- Conveniently situated 104-unit, six-building multifamily complex with over $3.6 million in renovations established over ±5.5 acres in Kinloch.
- Seven minutes to St. Louis Lambert International Airport (STL), with an influx of investor interest within the recent high-demand industrial sector.
- Positioned for significant revenue growth achieved through lease-ups of remaining vacancies at North County Submarket’s increasing market rents.
- NorthPark Partners is spearheading development in this immediate area, adding over 5,000 permanent jobs directly to the west and south of Kinloch.
- Significantly located within a mile of the I-170 and I-70 interchange and a 16-minute commute to Downtown St. Louis via either major thoroughfare.
- Several public and private sectors have committed to invest in the community and take advantage of the fantastic location.
FOR SALE DETAILS
PRICE
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# OF UNITS
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CAP RATE
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% LEASED
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BUILDING DETAILS
PROPERTY NAME
Suburban Heights | Proximity to STL Airport
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Garden
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
81150
STORIES
2
YEAR BUILT
1969
PARKING SPACES
150
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
12J-22-1641,12J-24-2165
