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DeBaliviere Condo in beautiful historical Building on Waterman Blvd!

$129,000 • 2 Beds / 1.5 Baths • 1,645 SqFt

Available

Offer Submission Deadline

House Type Condo
Bedrooms 2
Bathrooms 1.5
Year Built 1910
Approx.SqFt. 1645
Lot size SqFt. 1645
Garage No Garage

Description

*Contract for sale* on condo with great potential. In the historic DeBaiviere Neighborhood - steps from neighborhood pool, Forest Park, & minutes from Washington University, & hospitals. Rare opportunity to acquire a unit for such a discounted price.

The Apartment building has been affected by the recent tornado and repairs are still to be completed.
Google Drive Link to 200 photos and video
Renovated Comp in same building: ZILLOW LINK and ZILLOW LINK

📍Address: 5539 Waterman Blvd, Apt 2N, Saint Louis, MO 63112

Suggested price: 129k

🎢 After Repair value: 240-250k

💵 Fix and flip opportunity

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HOA INFO

Cost: $625 a month

Parking: One assigned off-street parking space per unit (with some exceptions).

Storage: One assigned storage locker in the basement of the unit's building.

Maintenance Services: The Association provides for the care and maintenance of common areas, including groundskeeping and exterior building maintenance.

Trash Removal: The association's maintenance personnel transfer bagged trash from receptacles near the rear stairs to the main alley dumpsters.

Security: A private security company patrols the area for six hours a day, seven days a week.

Rental Restrictions:

Rental Cap: Not more than 25% of the units in the condominium may be leased at the same time.
New Owner Waiting Period: A new owner is not permitted to lease their unit for at least twelve (12) months immediately after acquiring the title.

For any lease that is permitted, the following regulations apply:

Minimum Lease Term: Leases must have a minimum initial term of twelve (12) months.
No Short-Term Rentals: Units cannot be leased for transient or hotel purposes.

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SHOWING: Owner occupied - scheduled showings only.

CLOSE OF ESCROW: November 1st

VACANT AT CLOSE

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TERMS OF SALE:

This is a Cash or Hard Money AS - IS sale. NO other kinds of offers will be considered.
EMD $3000 due within 24 hours of accepted offer or the contract will be void. A property is not considered under contract until the EMD has cleared and all contingencies removed. EMD policy is non negotiable.
Title is guaranteed to be clear or EMD fully refundable.
Property available for viewing only during previously scheduled showing.
Proof of funds letter and Pre-approval letters are required for offers to be considered.