$2,985,000

5086-5092 Waterman is a 28-unit apartment community in Central West End. Central West End, 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.