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
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