5848 Kennerly AVE new Save Request In-Person Tour Request Virtual Tour
St Louis,MO 63112
Key Details
Property Type Multi-Family
Sub Type Multi-Family 2-4
Listing Status Active
Purchase Type For Sale
Square Footage 3,600 sqft
Price per Sqft $100
Subdivision Hamilton Heights
MLS Listing ID 24065303
Year Built 1928
Building Age 96
Property Description
Investor Opportunity: Well-maintained, income-generating 4-family property, 3/4 occupied, 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.
Location
State MO
County St Louis City
Area Central West
Interior
Heating Forced Air
Cooling None
Building
Sewer Public Sewer
Water Public
Structure Type Brick
Schools
Elementary Schools Laclede Elem.
Middle Schools Laclede Elem.
High Schools Sumner High
School District St. Louis City
Others
Acceptable Financing Cash Only,Conventional,FHA
Listing Terms Cash Only,Conventional,FHA
Special Listing Condition None