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.
Kinloch is located in Missouri. Kinloch, Missouri has a population of 291. Kinloch is less family-centric than the surrounding county with 0% of the households containing married families with children. The county average for households married with children is 29.08%.
The median household income in Kinloch, Missouri is $28,125. The median household income for the surrounding county is $72,562 compared to the national median of $69,021. The median age of people living in Kinloch is 23.6 years.
The average high temperature in July is 88.6 degrees, with an average low temperature in January of 23 degrees. The average rainfall is approximately 42.3 inches per year, with 12.8 inches of snow per year.