Built in 1912, this charming brick 2,522 sf duplex is close to Soulard, Benton Park, Cherokee, and Tower Grove South. The spacious 3-bed units have warm hardwood floors with unique ceramic tile in the bathroom, and parquet laminate flooring in the kitchen. Kitchens have incredible cabinet space and sliding glass door to the deck. Woodwork is in excellent shape, including a stunning coffered ceiling. Individual washer/dryer hookups. Tenants pay electric/gas. Owner pays sewer, water, and trash. Downstairs tenant receives Section 8 assistance; rents under market rate.

Central air
Forced gas heat
Individually metered utilities
Updated stacks/electric panels
Newer roof, gutters, condenser units
Water heaters and 2F furnace = 10-12 years
1F furnace new Oct. 2018.

Actual income + proforma expenses/10% mngt. fee = 9.94% cap rate now, 11.41% cap pro forma. Brochure available. 3620 Pennsylvania (duplex next door) had a fire last year and is currently on the LRA website for $3000.