BEDS2
BATHS1 full
SQUARE FEET840
MLS#26058131
STATUSActive
PROPERTY TYPERental - 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. This property is also available for rent at $1450/month
Property Features
Property Type: Rental - Condominium
Basement: Unfinished
Basement: Yes
Cooling: Central Air
Heating: Forced Air
Home Style: Mid-Rise 3or4 Story
Roof Type: Flat
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: 2
Exterior: Brick
HOA Fee: 564/ Monthly
Laundry: In Unit
Lot: City Lot
Lot: City Lot
Parcel#: 3875-18-0028-0
Parking: Off Street, Secured
SQFT. Above Grade: 840
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: Angie Denson
Agent Phone: 314.743.7077
Agency Title: RedKey Realty Leaders
5677 Waterman | MLS# 26058131
This property located at 5677 Waterman, Saint Louis, MO 63112 is currently listed for rent with an asking price of $1,450 / Monthly. Waterman is located within the St Louis City school district. Search Saint Louis real estate on www.angiedenson.com today.