5500 Mable AveKinloch, MO 63140

Property Details for 5500 Mable Ave

Year built

1969

Lot size

5.66 AC

Property type

Apartment buildings

Description

This exceptional 103-unit apartment building presents a compelling value-add investment opportunity in the St. Louis MSA. Located at 5500 Mable Ave, Kinloch, MO 63140, this property boasts six, two-story buildings totaling 7,577 net rentable square feet on a 5.66-acre lot. Built in 1969 and renovated in 2016, the property features a mix of one, two, and three-bedroom units, currently enjoying 92.2% occupancy. The 193 parking spaces are secured within a gated community, enhancing resident safety and convenience. This property offers significant upside potential, with average rents currently below comparable properties in the area. Its strategic location offers easy access to Highway 70, Lambert International Airport (under 10 minutes), and downtown St. Louis (under 20 minutes). Furthermore, its proximity to the University of Missouri - St. Louis (UMSL) and the NorthPark Business Park provides a strong tenant base and ample employment opportunities for residents. The asking price is $6,500,000. This free and clear offering allows for maximum flexibility in structuring an acquisition. The property's amenities include key-fob access, manicured landscaping, and a pet-friendly environment. This is a rare opportunity to acquire a well-located, value-add multifamily asset in a thriving market.

Location Insight

City

Kinloch

County

St. Louis

State

Missouri

Latitude

38.7328

Longitude

-90.3194

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