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5848 Kennerly Ave, Saint Louis, MO, 63112

$360,000

Home List Price

$4,275*

Closing Credit

0 Baths
Multi

Location

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5848 Kennerly Ave, Saint Louis$360,000

Buyer Closing Credits

$4,275*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingAdditional Parking, On Street
Year Built1928
HeatingForced Air
CoolingNone
MLS #24065303
StatusActive

About 5848 Kennerly Ave

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.

Property Details

Property Features

Property Information:

  • Year Built: 1928

Listing Office:

  • Office Name: Magnolia Real Estate

Exterior Features

Parking Information:

  • Attached Garage: No
  • Parking: Additional Parking, On Street

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: None

Price Information

Listing Price Info

Price Summary:

  • List Price: $360,000
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Housing Market Comparison

See how this home compares to others in Saint Louis, MO.

Med. Sold Price

$220K

Med. Price/SqFt

$160

Avg. Days On Market

42

# of Sold Homes

281

5848 Kennerly Ave vs Saint Louis

36 DAYS ON ROCKET

-6 Days

$360,000

+$139.9K More

KEY TAKEAWAY

This property is $139.9K more than the Median Sold Price in Saint Louis, MO.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MARIS
  • MLS Number: #24065303

Listing Office:

  • Office Name: Magnolia Real Estate

IDX Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDX Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDX information is provided exclusively for consumers personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time. MLS GRID may, at its discretion, require use of other disclaimers as necessary to protect Member Participant, and/or their MLS from liability.

Listings courtesy of MARIS MLS as distributed by MLS GRID. Copyright © 2024 Mid America Regional Information System (MARIS). All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/23/2024, 8:23:47 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$1,864

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,146

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-965808
1
/10
  • Laclede Elementary School

  • 5821 Kennerly Ave

  • 0.05 miles

  • Public District Grades PK-5

school-card-donut-965809
4
/10
  • Kipp Victory Academy

  • 955 Arcade Ave

  • 1.24 miles

  • Public Charter Grades KG-4

school-card-donut-965810
2
/10
  • Lexington Elementary School

  • 5030 Lexington Ave

  • 1.25 miles

  • Public District Grades PK-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $21,633. Typical income of Saint Louis, MO residents is less than $35k annually. Residents typically live in single, no kids family. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas


Rocket HomesMissouriSaint Louis631125848 Kennerly Ave

This home is located at 5848 Kennerly Ave in Saint Louis, MO and zip code 63112 in the Wells / Goodfellow neighborhood. This home was built in 1928. It has been listed on Rocket Homes since October 18, 2024 and is currently priced at $360,000.

Saint Louis, MO housing market in October 2024 saw over 98 listings sold above listed price, more than 60 sold at listed price and over 123 sold below. In October 2024 in Saint Louis, MO there were 9.3% more homes for sale than in September 2024. The median list price of listings available in October 2024 was $220,049, while the average time on the real estate market was 42 days.

From Rocket Homes Real Estate and based on county public records data.

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