$1,450
5677 Waterman
St Louis, MO 63112 · MLS#: 26058131
Listing brokerage: RE/MAX Results · 314-448-4700 · Agent: Barbara Heise
About this home
Rare investor opportunity in the heart of Skinker DeBaliviere! Priced $57,000 below the seller's original purchase price, this turn-key 2-bedroom, 1-bath condo offers immediate cash flow and substantial built-in equity. The interior unit suffered zero damage from recent storms and is 100% move-in/rent ready, previously commanding $1,400/month in rent. The complex is currently undergoing comprehensive exterior and roof repairs, fully funded by insurance. Due to ongoing repairs across the development, this condo is non-conforming to FNMA guidelines and requires a cash purchase. Per property management, conventional lender financing is anticipated to re-open once exterior work is completed—offering a prime opportunity for a future cash-out refinance. Selling strictly AS-IS. Minutes from Forest Park, Washington University, and the Delmar Loop. This property is also available for rent at $1450/month
Property details
- County
- St Louis City
- Subdivision
- Waterman 4 Condominium
- Days on market
- 4
- Annual taxes
- $1,906
- HOA fee
- $564
- Heating
- Forced Air
- Cooling
- Central Air
- Basement
- Unfinished
- Appliances
- Stainless Steel Appliance(s), Dishwasher, Disposal, Microwave, Built-In Gas Oven, Refrigerator, Washer/Dryer, Gas Water Heater
- Style
- Mid-Rise 3or4 Story
Schools
- School district
- St. Louis City
- Elementary
- Hamilton Elem. Community Ed.
- Middle
- Langston Middle
- High
- Sumner High
Location
Listing courtesy of RE/MAX Results · MLS#: 26058131. Data provided by MARIS MLS; deemed reliable but not guaranteed.