5848 Kennerly Avenue

St. Louis, MO 63112

$360,000
Price
—
Beds
3,600 Sq. Ft.
$100 / Sq. Ft.
3,600
Sq. Ft.
$100
per Sq. Ft.

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...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.
  1. Listed by John Laughlin • Magnolia Real Estate

Amenities

  • Basement
  • Forced Air
  • Parking Included
  • Street Parking
LISTING UPDATED: 10/19/2024 11:46 AM

Property Details for 5848 Kennerly Avenue

StatusActive
MLS #24065303
Days on Market60
Taxes$384 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Multi-Family 2-4
Year Built1928
Lot Size-
CountySt. Louis Independent City

Building Information for 5848 Kennerly Avenue

Stories-Residences-Year Built1928Building Size-Lot Size-

Property Information for 5848 Kennerly Avenue

Summary
Location and General Information
  • City: St Louis
  • County Or Parish: St Louis City
  • Neighborhood: Wells Goodfellow
  • Postal Code: 63112
  • State Or Province: MO
  • Sub division Name: Hamilton Heights
  • Street Number Modifier: -5854
Taxes and HOA Information
  • List AOR: St. Charles County Association of REALTORS
  • Association Fee: $.00
  • Association Fee Frequency: None
  • Parcel Number: 5552-00-01300
  • Tax Annual Amount: $384.00
  • Tax Legal Description: C. B. 5552 KENNERLY AVE 42 FT X 127 FT 6 IN HAMILTON HEIGHTS ADD BLOCK 2 LOT 51 W-50
  • Tax Year: 2023
Owner
  • Township: St. Louis City
  • Owner Name: OFIH Properties LLC
Parking
  • Attached Garage: No
  • Parking Features: Additional Parking, On Street
  • Driveway: Concrete
School Information
  • Elementary School: Laclede Elem.
  • High School: Sumner High
  • High School District: St. Louis City
  • Middle Or Junior School: Laclede Elem.
Property
Lot Information
  • Lot Size Dimensions: 42 x 127
  • Lot Size Source: County Records
  • Property Sub Type: Multi-Family 2-4
  • Property Type: Residential Income
Property and Assessments
  • Above Grade Finished Area: 3600.0
  • Above Grade Finished Area Source: Public Records
  • Documents Count: 5
  • Building Desc: Flat/Shotgun/Ext Ent
  • Photos Count: 32
  • Videos Count: 0
  • Year Built: 1928
  • Disclosures: Unknown,Agent Owned,Flood Plain No,Occupancy Perm Req,Sellers Discl. Avail
  • Age: 96
  • Construction Materials: Brick
  • Ownership Type: Private
Utilities
  • Sewer: Public Sewer
  • Water Source: Public
Interior and Exterior Features
Interior Features
  • Appliances: Some Refrigerator(s), Some Range Oven(s), Some Shower Bath(s), Some Smoke Alarm(s)
  • Heat Source: Gas
  • Cable Available: 1
  • Cooling: None
  • Heating: Forced Air
  • Heating YN: Yes
Multi Family
Multi-Family Information
  • Type of Units: 4-Family
Income & Expenses
  • Miscellaneous: Basement,Fencing,Laundry Facility in
  • Net Operating Income: $.00
  • Operating Expense Includes: Water/Sewer,Trash,Fixed Expenses,Maintenance
  • Total Expenses: 0.00
Unit 1
  • Unit Bedroom 1: 1
  • Unit Bedroom 2: 1
  • Unit Full Baths: 1
  • Unit Kitchen: 1
  • Unit Living: 1
  • Unit Number: 5848
  • Unit Rooms: 6
  • UnitType Beds Total: 2.0
Unit 2
  • Unit Bedroom 1: 1
  • Unit Bedroom 2: 1
  • Unit Full Baths: 1
  • Unit Kitchen: 1
  • Unit Living: 1
  • Unit Number: 5850
  • Unit Rooms: 7
  • UnitType Beds Total: 3.0
Unit 3
  • Unit Bedroom 1: 1
  • Unit Bedroom 2: 1
  • Unit Full Baths: 1
  • Unit Kitchen: 1
  • Unit Number: 5852
  • Unit Rooms: 7
  • UnitType Beds Total: 3.0
Unit 4
  • Unit Bedroom 1: 1
  • Unit Bedroom 2: 1
  • Unit Full Baths: 1
  • Unit Kitchen: 1
  • Unit Living: 1
  • Unit Number: 5854
  • Unit Rooms: 6
  • UnitType Beds Total: 2.0
Rental
Rent Information
  • Lease Term: Leases, Month To Month, No Lease
  • Tenant Pays: Electricity, Gas

Property History for 5848 Kennerly Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 5848 Kennerly Avenue

Taxable ValueLand$290Additions$3,670Total$3,960
Tax Record2020$351 ($29 / month)
Home Facts
Baths4Total Finished SqFt3,604 SqFtAbove Grade Finished SqFt3,604 SqFtStories2Lot Size5,491 SqFtStyleQuadraplexYear Built1928Year Renovated1928ZoningCCountySAINT LOUIS CITYAPN55520001300

Schools near 5848 Kennerly Avenue

This home is within St. Louis City School District.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - 6 to 8
Public - PK to 6
Rating
School
Distance
Laclede Elementary School
PublicPK to 8

Sumner High School
Public9 to 12

Langston Middle School
Public6 to 8

Ford-Ford Br. Elementary Community Ed.
PublicPK to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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5848 Kennerly Avenue is a multi-family home for sale in St. Louis, MO 63112. This property was listed for sale on October 18, 2024 by Magnolia Real Estate, it's currently listed at $360,000. It has been on the market for a total of 60 days and was last sold on June 12, 2023. This listing's school district is St. Louis City School District. Nearby schools include Laclede Elementary School, Sumner High School and Langston Middle School. 5848 Kennerly Avenue is a 0-bed, 0-bath, 3,600 sqft multi-family home built in 1928.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Magnolia Real Estate

Based on information from one of the following Multiple Listing Services: MARIS, Bagnell Dam Association of REALTORS . Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MARIS, Bagnell Dam Association of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.