BEDS2
BATHS1 full
SQUARE FEET840
MLS#26055980
STATUSActive
PROPERTY TYPEResidential - Condominium
SUBDIVISIONWaterman 4 Condominium
SCHOOLSt Louis City
Property Description
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.
Property Features
Property Type: Residential - Condominium
Basement: Yes
Basement: Unfinished
Cooling: Central Air
Heating: Forced Air
Home Style: Mid-Rise 3or4 Story
Roof Type: Flat
Taxes: $1,906
Year Built: 1915
Feature Descriptions
Appliances: Stainless Steel Appliance(s), Dishwasher, Disposal, Microwave, Built-In Gas Oven, Refrigerator, Washer/Dryer, Gas Water Heater
Association Amenities: Association Management, Fitness Center, Parking, Storage
Days on Site: 1
Exterior: Brick
HOA Fee: $564/ Monthly
Lot: City Lot
Parcel#: 3875-18-0028-0
Parking: Off Street, Secured
Sewer: Public Sewer
SQFT. Above Grade: 840
Utilities: Cable Available, Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
Water: Public
Local Schools
High School: Sumner High
Middle School: Langston Middle
Elementary School: Hamilton Elem. Community Ed.
School District: St Louis City
Listed By / Shown By
Listed By
Agency Name: RE/MAX Results
Shown By
Agent Name: Michael Simon
Agent Phone: 314.757.9700
Agency Title: RedKey Realty Leaders
Estimate Your Payment
Estimated Payment
$ 675.42 per month $490.33 Principal & Interest $158.83 Property Tax $26.25 Homeowner's InsuranceChange Payment Information
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5677 Waterman, Unit 32 | MLS# 26055980
This condo located at 5677 Waterman, Unit 32, Saint Louis, MO 63112 is currently listed for sale with an asking price of $90,000. This property was built in 1915 and has 2 bedrooms and 1 full baths with 840 sq. ft. Waterman, Unit 32 is located in the Waterman 4 Condominium subdivision within the St Louis City school district. Search Waterman 4 Condominium real estate on www.simonsellsstl.com today.