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
Utilities
Cable Available
Cable Connected
Electricity Connected
Natural Gas Connected
Phone Available
Sewer Connected
Water Connected
Parking
Off Street
Secured
Cooling Information
Central Air
Heating Information
Forced Air
Water Features
Public
Basement
Unfinished
School Information
School Information for 5677 Waterman Blvd 32, St Louis, MO 63112
Elementary School
Hamilton Elem. Community Ed.
Middle School
Langston Middle
High School
Sumner High
Listing Courtesy: RE/MAX Results - 314-448-4700
Presented by: Barbara Heise
Based on information submitted to the MLS GRID as of 2026-08-31 22:40:15 . 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.
Transportation
Check the walk, transit, and bike score for
Neighborhood Market Statistics
See average values in the proximity of this property
Median Listing Price
Median Days on Site
Median Square Feet
Market statistics compiled from data from Mid America Regional Information Systems.