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5848 Kennerly Avenue

St Louis, MO 63112

Property Overview
Price: $360,000
City: St Louis
County: St Louis City
Sale/Lease: Sale
Status: Active
MLS Number: 24065303
Property Description
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.
Featured Agent
Sean Goding
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Listing Brokered by Magnolia Real Estate
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