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.
2 Beds
1 Bath
840 sq.ft
$0 per sq.ft
Mid-Rise 3or4 Story
$ 90,000
Active
0
26055980
2
1
840
Waterman 4 Condominium
St Louis City
St. Louis City
St Louis City
Residential
Mid-Rise 3or4 Story
Residential
$1,906
Last 6 closed homes in this zip.
| Address | Bd/Ba | SqFt | List | Sold | Closed |
|---|---|---|---|---|---|
| 609 Clara Avenue, 2A, St Louis City, MO 63112 | 3/2 | 1,335 | $209,900 | $203,400 96.9% of ask |
Sep 3, 2026 |
| 5510 Waterman Boulevard, 602, St Louis City, MO 63112 | 3/2 | 1,591 | $349,000 | $340,000 97.4% of ask |
Sep 3, 2026 |
| 5866 Etzel Avenue, St Louis City, MO 63112 | 0/0 | 2,860 | $170,000 | $162,500 95.6% of ask |
Aug 31, 2026 |
| 5591 Waterman Boulevard, A, St Louis City, MO 63112 | 2/2 | 1,256 | $229,000 | $224,000 97.8% of ask |
Aug 31, 2026 |
| 1215 Oakley Place, St Louis City, MO 63112 | 4/3 | 1,920 | $85,000 | $85,000 100% of ask |
Aug 28, 2026 |
| 5381 Pershing Avenue, 102, St Louis City, MO 63112 | 2/2 | 1,110 | $210,000 | $200,000 95.2% of ask |
Aug 25, 2026 |
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