$1,450/mo

5677 Waterman 32, St Louis, MO 63112

2 beds |
1 bath |
840 sqft

Rent shown is base rent as provided by the property owner or manager. Additional mandatory fees, deposits, or utilities may apply and are set by the property owner or manager.

Rental
Built in 1915
—— sqft lot
—— car garage
$2/sqft
Listed 16 days ago

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

Listing Status:: Active
Date Added:: September 9, 2026
Data Last Updated:: September 26, 2026 at 7:16AM
Listing Office:: RE/MAX Results : 314-448-4700
MLS ID:: 26058131

Appliances: Stainless Steel Appliance(s)DishwasherDisposalMicrowaveBuilt-In Gas OvenRefrigeratorWasher/DryerGas Water Heater
Laundry: In Unit
Basement: Unfinished
A/C: Central Air
Heating: Forced Air

Style: Mid-Rise 3or4 Story
Other Structures: Deck
Parking: Off StreetSecured

Roofing: Flat
General: BrickOne

HOA Amenities: Association ManagementFitness CenterParkingStorageInsuranceMaintenance GroundsMaintenance Parking/RoadsCommon Area MaintenanceManagementSecuritySnow Removal564.0Monthly
Originating MLS: maris2
School District: St. Louis City
County: St Louis City