Active
5848 Kennerly Avenue
St Louis, MO 63112
3,600 sqft
$360,000
Details
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.
Specs
Type Multi-Family
Square Footage 3,600 sqft
Year Built 1928
Assoc Fee Paid None
Taxes Paid $384
Lots & Building Features
Appliances Some Range Oven(s), Some Smoke Alarm(s), Some Shower Bath(s), Some Refrigerator(s)
Assoc Fee Paid None
Construction Brick
Cooling None
Heat Source Gas
Heating Forced Air
Parking Description Additional Parking, On Street
Sewer Public Sewer
Tax Year 2023
Water Public
Lot Dimensions 42 x 127 ft
Room Details
Misc Description Basement, Fencing, Laundry Facility in
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Area
City St Louis
County St Louis City
School District St. Louis City
Subdivision Hamilton Heights
Schools
Elementary School Laclede Elem.
Junior High School Laclede Elem.
Senior High School Sumner High