Active

5848 Kennerly Avenue

St Louis MO, 63112

$360,000


$100.00 per sqft

Active

3,600 sqft

Multi-family

Built in 1928

Investor Opportunity: Well-maintained, income-generating 4-family property, 3/4 occupied shotgun style units, with one unit vacant for showings. The seller will assist in finding a tenant for the vacant unit, providing a seamless transition for the buyer. This turnkey investment delivers immediate cash flow with an impressive 11.3% cap rate, exceeding the 1% rule. Recent upgrades include new water heaters, plumbing lines, fixtures, and furnaces, minimizing maintenance costs.

Each unit features updated kitchens, bathrooms, and flooring, with a washer/dryer hookup in the basement for tenant convenience. Located near parks, public transportation, and University City, ensuring strong rental demand.

This property provides reliable cash flow from day one, making it a smart, long-term addition to any investment portfolio.

24065303

MLS ID

October 18, 2024

Listed

November 22, 2024

Updated

Map

5848 Kennerly Avenue
St Louis MO, 63112

Interior Features

Appliances

Some Refrigerator(s), Some Range Oven(s), Some Shower Bath(s), Some Smoke Alarm(s)


Fireplace

No


Cooling

No


Cooling Description

None


Heating

Yes


Heating Description

Forced Air

Exterior/Building Features

Sewer

Public Sewer

School Information

School District

St. Louis City


High School

Sumner High


Elementary School

Laclede Elem.

Other Property Details

Area Name

Central West


Taxes

$384


Tax Frequency

Annually


Days on Market

1


Garage

No


Parking

Additional Parking, On Street


View

No


County

St Louis City


Municipality

St. Louis City


Water Source

Public


Pool

No

Courtesy of Magnolia Real Estate, John J. Laughlin

Listings displaying the MARIS logo are courtesy of the participants of MO - Mid America Regional Information Systems (MARIS) Internet Data Exchange. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Cheri Norton Team shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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