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Mitchell Cain

appraiser2002@gmail.com +1(618) 292-7227

$650,000

Est. payment - /mo

2,884 SqFt

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Key Details

Property Type Multi-Family

Sub Type 2-4 Units

Listing Status Active

Purchase Type For Sale

Square Footage 2,884 sqft

Price per Sqft $225

Subdivision Wash Heights Add

MLS Listing ID 26039288

Style Historic,Traditional

Year Built 1909

Annual Tax Amount $4,667

Lot Size 4,290 Sqft

Acres 0.0985

Property Sub-Type 2-4 Units

Property Description

6114 Waterman Blvd offers investors or owner occupants the opportunity to acquire a large, well-located two-family asset in one of St. Louis' strongest rental corridors. Located on one of Skinker-DeBaliviere's premier streets, just blocks from Washington University and the Delmar Loop, the property is ideally positioned for student renters, roommate groups, graduate students, and professionals seeking proximity to Wash U, and Forest Park. The building contains 2,884 square feet, with each unit offering a spacious three bedroom, one-bath layout. The property is currently vacant, giving a new owner immediate control over the leasing strategy. A buyer can lease both units at market rent, occupy one unit while renting the other, or make additional improvements to further increase rental income over time. The most recent rental history demonstrates strong tenant demand. The units were previously furnished and leased for $3,000 per month and $2,695 per month. If both units were leased at $3,000 per month, the property would generate $72,000 in annual gross rent. The units feature a blend of original character and practical updates, including hardwood floors, large bedrooms, built-in bookshelves and cabinetry, original fireplaces, bay windows, and kitchens that open to rear screened-in porches. Additional features include a private fenced backyard with patio area, updated plumbing, HVAC, and electric systems, and ample basement storage. Both apartments were also recently painted, allowing a new owner to move quickly toward leasing or occupancy. Additional rent upside supported by nearby two-family properties on the same block achieving $4,500/month per unit for more updated units. This property also offers strong projected income for a student occupying the property while generating income and equity at the same time.

Location

State MO

County St Louis City

Area 4 - Central West

Rooms

Basement Unfinished, Walk-Out Access

Interior

Heating Natural Gas

Cooling Central Air

Flooring Hardwood

Fireplaces Number 2

Fireplaces Type Decorative

Fireplace Y

Appliance Dishwasher, Dryer, Range, Refrigerator, Washer

Exterior

Exterior Feature Courtyard, Lighting

Parking Features false

View Y/N No

Building

Level or Stories Three Or More

Structure Type Brick

Schools

Elementary Schools Hamilton Elem. Community Ed.

Middle Schools Langston Middle

High Schools Sumner High

School District St. Louis City

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

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Listed by Megan Skaggs • Invest St. Louis

Nearby School & Business

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Mitchell Cain

+1(618) 292-7227

Broker | License ID: 475.180028

Broker License ID: 475.180028

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6114 Waterman BLVD St Louis, MO 63112

Mitchell Cain

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

Nearby School & Business

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