5103 Waterman Blvd

The Central West End is one of America’s top ten neighborhoods as awarded by the American Planning Association. The CWE is the densest zip code in Missouri and is home to Forest Park (12,000,000 annual visitors), St. Louis’ largest employer (Barnes- Jewish Hospital), two large universities (40,000 students), and the Cortex Innovation District ($2 billion dollars invested with tenants including Microsoft, Boeing, and Centene). Below are some of the noteworthy organizations in the immediate vicinity: Barnes-Jewish Hospital: 0.40 miles from the property. 9,500+ employees, which makes it the largest employment base in the Metro area. One of the top hospitals in the nation. Washington University Medical Campus: 0.14 miles from the property. Renowned institution for medical education, research, and innovation. The campus's influence extends far and wide, attracting students, faculty, researchers, and medical professionals from across the globe. CORTEX: 0.13 miles from the property. $2 billion development that contains many large and start-up tech companies, including Microsoft, Boeing, Centene, DuPont and many others.Salient is pleased to present this incredible investment opportunity to own a piece of history in the heart of Central West End. The property was built in 1896 for the World's Fair and maintains its historic charm with modern finishes throughout. The property 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. The property consists of 3 floors with a basement, with a beautiful grand historic stair case that has been restored to service all floors. The first floor is utilized currently as shared space, with a modern kitchen & a small library for tenants to use. The second floor has four bedrooms that have all been renovated, and the third floor has 3 bedrooms one of those serving as true apartment.