Active

5103 Waterman Boulevard

St Louis MO, 63108

$770,000


$142.28 per sqft

Active

5,412 sqft

Commercial

Built in 1896

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

23073034

MLS ID

March 21, 2024

Updated

Map

5103 Waterman Boulevard
St Louis MO, 63108

Interior Features

Fireplace

No


Cooling

Yes


Cooling Description

Gas


Heating

Yes


Heating Description

Forced Air

Exterior/Building Features

Lot Size

0.21 Acres


Sewer

Public Sewer

School Information

School District

St. Louis City


High School

Sumner High


Elementary School

Ford-Ford Br. Elem. Comm. Ed.

Other Property Details

Area Name

Central West


Taxes

$5,392


Tax Frequency

Annually


Days on Market

73


Garage

No


Parking

On Street


View

No


County

St Louis City


Municipality

St. Louis City


Water Source

Public


Pool

No


Buyer Agency Compensation

2%

Listing History

Date

Event

Price

2/20/2024

Price Change

$770,000

-4%

Courtesy of Salient Realty Group, LLC, Tyler Alms

Listings displaying the MARIS logo are courtesy of the participants of MO - Mid America Regional Information Systems (MARIS) Internet Data Exchange. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Brandon Gray shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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