Listing Courtesy of: John Laughlin - Magnolia Real Estate 442-0214
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5848 Kennerly Avenue St Louis, MO 63112

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Multi-Family Residence
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Last updated on 11/8/2024 6:18 PM

Listing 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 c...ash 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. Continue reading
MLS#
24065303
Property Type
Multi-Family
Year Built
1928
Sewer
Public Sewer
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Listing Courtesy of: John Laughlin - Magnolia Real Estate 442-0214
Andrea D. Conner, License 71221, Xome Inc., License 68390, [email protected], 844-400-XOME (9663), 750 Highway 121 Bypass, Ste 100, Lewisville, TX 75067


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This content last refreshed on 11/8/2024 6:18 PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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