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5500-5602 Mable Ave
Saint Louis, MO 63140
Suburban Heights | Proximity to STL Airport · Multifamily Property For Sale · 104 Units

INVESTMENT HIGHLIGHTS

  • Conveniently situated 104-unit, six-building multifamily complex with over $3.6 million in renovations established over ±5.5 acres in Kinloch.
  • Positioned for significant revenue growth achieved through lease-ups of remaining vacancies at North County Submarket’s increasing market rents.
  • 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.
  • Seven minutes to St. Louis Lambert International Airport (STL), with an influx of investor interest within the recent high-demand industrial sector.
  • NorthPark Partners is spearheading development in this immediate area, adding over 5,000 permanent jobs directly to the west and south of Kinloch.
  • Several public and private sectors have committed to invest in the community and take advantage of the fantastic location.

PROPERTY FACTS

Sale Condition Auction Sale
Type of Ownership Fee Simple
No. Units 104
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Building Class C
Lot Size 5.50 AC
Building Size 81,150 SF
Average Occupancy 89%
No. Stories 2
Year Built 1969
Parking Ratio 1.85/1,000 SF
Zoning R2
Parcel Numbers
12J-22-1641
  • 12J-24-2165

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Cable Ready
  • Dishwasher
  • Washer/Dryer
  • Heating
  • Refrigerator
  • Range
  • Carpet
  • Wi-Fi

SITE AMENITIES

  • 24 Hour Access
  • Controlled Access
  • Gated
  • Community-Wide WiFi
  • Maintenance on site
  • Online Services

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 8 - 650
2+1 48 - 750
3+1 48 - 850
  • Listing ID: 29761691

  • Date on Market: 10/11/2023

  • Last Updated:

  • Address: 5500-5602 Mable Ave, Saint Louis, MO 63140

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