Prime South City 4-Family Investment!
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.