5103 Waterman Boulevard, St Louis

$770,000

0 Bed
0 Bath
5,412 Sqft
.21 Acre
0 Garage

The property was built in 1896 for the World's Fair and maintains its historic charm with modern finishes throughout. The building has been revitalized by the current owner & still holds it's historical integrity, while providing the feel of modern city living.

The historical mansion is currently used as a short-mid term rental investment property.

With close proximity to Cortex, Barnes Jewish Hospital, SLU University & the new $616mm Neuroscience building, there are a number of investment strategies that would work well here. Whether that is converting all units to true apartments or continuing to run the property as short-term rentals the property is well situated to fulfill the needs of local students & medical professionals. There is also the option to own & occupy this historic mansion in the highly sought out Central West End.

- Currently performing at a 10.22% Cap Rate
- 6 individual rooms, 1 apartment

Essential Information
MLS® #23073034
Price$770,000
Bathrooms0.00
Square Footage5,412
Acres0.21
Year Built1896
TypeCommercial Sale
Sub-TypeMulti-Family 5+
StatusActive
Community Information
Address5103 Waterman Boulevard
AreaCentral West
SubdivisionForest Park Add
CitySt Louis
CountySt Louis City
StateMO
Zip Code63108
Amenities
GaragesOn Street
Interior
HeatingForced Air
CoolingGas
School Information
DistrictSt. Louis City
ElementaryFord-Ford Br. Elem. Comm. Ed.
MiddleLangston Middle
HighSumner High
Additional Information
Date ListedDecember 8th, 2023
Days on Market148
Listing Details
OfficeSalient Realty Group, LLC
Property History
Price Reduced from $795,000 to $770,000
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