4942 Kemper AVE St Louis, MO 63139
2,760 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Pending
Purchase Type For Sale
Square Footage 2,760 sqft
Price per Sqft $128
Subdivision St Louis County Farms Add
MLS Listing ID 25059368
Style Apartment Style
Year Built 1942
Annual Tax Amount $2,389
Property Description
Excellent opportunity to own a solid, income-producing property at 4942 Kemper Ave in the desirable 63139 zip code. This well-maintained building offers four 1 bed / 1 bath units, all currently leased (three at $650, one at $700). Two month-to-month leases provide flexibility for rent increases or potential owner-occupancy. With current rents below market, there's strong value-add potential through light updates. Nearby 4-family properties on the same block have recently sold for $410,000–$420,000 with rents achieving up to $875/unit for similar layouts. The property also qualifies for attractive financing (4.75% interest, fixed rate for 5 years - adjusts year 6 with a 1% increase cap, 30-year amortization). minutes from Tower Grove Park, The Hill, South Grand dining, and major highways; a walkable, high-demand rental area that consistently attracts strong tenants. A rare chance to secure a stable asset with excellent upside potential in one of St. Louis's most sought-after rental markets.
Location
State MO
County St Louis City
Area 3 - South City
Rooms
Basement 8 ft + Pour, Full
Interior
Heating Forced Air
Cooling Central Air
Fireplace N
Exterior
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
View Y/N No
Building
Water Public
Structure Type Brick
Schools
Elementary Schools Mason Elem.
Middle Schools Long Middle Community Ed. Center
High Schools Roosevelt High
School District St. Louis City
Others
Acceptable Financing Conventional, FHA, VA Loan
Listing Terms Conventional, FHA, VA Loan
Special Listing Condition Standard
