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.
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
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We're sorry, we currently don't have sales or tax history data for this listing.
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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.
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Nearby Schools
1
/10
Laclede Elementary School
5821 Kennerly Ave
Distance between this listing and this school0.05 miles
Public District Grades PK-5
4
/10
Kipp Victory Academy
955 Arcade Ave
Distance between this listing and this school1.24 miles
Public Charter Grades KG-4
2
/10
Lexington Elementary School
5030 Lexington Ave
Distance between this listing and this school1.25 miles
Public District Grades PK-5
Nearby Schools
1
/10
Barack Obama School
3883 Jennings Station Rd
Distance between this listing and this school1.08 miles
Public District Grades 1-8
3
/10
Kipp Triumph Academy
955 Arcade Ave
Distance between this listing and this school1.24 miles
Public Charter Grades 5-8
4
/10
Hawthorn Middle School
1901 N Kingshighway Blvd
Distance between this listing and this school1.25 miles
Public Charter Grades 6-8
Nearby Schools
1
/10
Normandy High School
6701 Saint Charles Rock Rd
Distance between this listing and this school1.11 miles
Public District Grades 9-12
3
/10
Hawthorn High School
1901 N Kingshighway Blvd
Distance between this listing and this school1.25 miles
Public Charter Grades 9-12
1
/10
Soldan International Studies
918 Union Blvd
Distance between this listing and this school1.56 miles
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.
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.