6114 Waterman St Louis, MO 63112

Incredibly rare opportunity to own a turnkey, renovated duplex within one block of Washington University, whose student rental market is the envy of the region. These large updated 3-Bedroom units command huge rents ($2595/mo!) by being located so close to campus and having desirable updates. A new owner can push rents here without doing any improvements -- similar units in the neighborhood are getting close to $3,000/mo with less square footage & further from campus. Kitchens boast stainless appliances and some stone countertops, hardwood floors throughout, high ceilings and large rooms with gorgeous trimmed millwork, decorative fireplace in living room -- they truly don't make them like they used to! Central AC & Forced-Air Heat, updated electric and plumbing. Huge two-story screened-in porch in the rear, one for each unit, and lovely fenced-in backyard with luscious greenery -- great space! 2nd Floor unit occupied, 1st Floor available for an owner-occupant seeking a great investment to live in. Offered at a 7.9 Cap Rate, income-producing properties of this caliber don't last long -- call today!