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2 Beds
1 Bath
840 sqft

$1,450/month

5677 Waterman Unit: 32, St Louis MO, 63112

Price per sqft$1.73
Built in1915
Property size840 sqft
Property typeCondominium
Courtesy of RE/MAX Results, Barbara Heise Listing Contact: 314-448-4700

Overview

Active

Listed Sep 9, 2026

Updated 3 weeks ago

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

Additional information

MLS® ID
26058131
Available since
September 9, 2026

Interior Features

Bedrooms
2
Bathrooms
1
Cooling
Yes
Heating
Yes
Basement
Yes

Other Property Details

Lease Term
Monthly
Taxes
$1,906
Tax Frequency
Annually
Association Fee Frequency
Monthly
View
Yes
55+/Senior Community
No

Listings courtesy of MARIS MLS as distributed by MLS GRID

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor The Benes Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Properties displayed may be listed or sold by various participants in the MLS.

Based on information submitted to the MLS GRID as of 2:43 AM UTC on 9/14/2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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