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5086-5092 Waterman Blvd
Saint Louis, MO 63108
Multifamily Property For Sale
·
28 Units
EXECUTIVE SUMMARY
CBRE is pleased to present the opportunity to acquire 5086-5092 Waterman (the "Property"), a 28-unit apartment community in Central West End. Central West End is a growing neighborhood of St. Louis and is located just West of Forest Park and surrounded by other thriving areas including the Grand Center Arts and Entertaining District and the Delmar Loop.
The Property is conveniently located near employment centers such as Barnes Jewish Hospital, Washington University, and Saint Louis University along with various retail and dining options. The location offers easy access to major roadways making for a short commute to anywhere in the St. Louis metro area.
Built in 1962, 5086-5092 Waterman is comprised of all 1 bedroom, 1 bathroom apartment homes. The property appeals to a diverse group of residents, including young professionals and senior citizens.
Renovations have been completed in 25 of the 28 units offering the opportunity to renovate the remaining units and push rents over a new ownership period.
The Property is conveniently located near employment centers such as Barnes Jewish Hospital, Washington University, and Saint Louis University along with various retail and dining options. The location offers easy access to major roadways making for a short commute to anywhere in the St. Louis metro area.
Built in 1962, 5086-5092 Waterman is comprised of all 1 bedroom, 1 bathroom apartment homes. The property appeals to a diverse group of residents, including young professionals and senior citizens.
Renovations have been completed in 25 of the 28 units offering the opportunity to renovate the remaining units and push rents over a new ownership period.
PROPERTY FACTS Under Contract
| Price Per Unit | $110,714 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.45 AC |
| No. Units | 28 | Building Size | 18,200 SF |
| Property Type | Multifamily | Average Occupancy | 89% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1962 |
| Zoning | D | ||
| Price Per Unit | $110,714 |
| Sale Type | Investment |
| No. Units | 28 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.45 AC |
| Building Size | 18,200 SF |
| Average Occupancy | 89% |
| No. Stories | 2 |
| Year Built | 1962 |
| Zoning | D |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 28 | - | 650 |
PROPERTY TAXES
| Parcel Number | 4907-01-0170-0 | Improvements Assessment | $310,000 |
| Land Assessment | $74,490 | Total Assessment | $384,490 |
PROPERTY TAXES
Parcel Number
4907-01-0170-0
Land Assessment
$74,490
Improvements Assessment
$310,000
Total Assessment
$384,490
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