7443 Hazelcrest Drive #H new Save Request In-Person Tour Request Virtual Tour
Hazelwood,MO 63042
Key Details
Property Type Multi-Family
Sub Type 5 Family or More
Listing Status Active
Purchase Type For Sale
Square Footage 5,194 sqft
Price per Sqft $84
Subdivision Hazelwood Condo
MLS Listing ID MIS24058094
HOA Fees $1,519/mo
Year Built 1966
Lot Size 38.230 Acres
Property Sub-Type 5 Family or More
Property Description
Portfolio includes seven well-maintained condos across five buildings. The mix features 3 studios, 1 one-bedroom, 2 two-bedroom, and 1 three-bedroom units. The monthly rental income will be $6,225 ($74,700 annually) with expenses at $31,944, resulting in $42,756 net income once 7596 A is rehabbed and leased. At the new price, this investment meets the 1.2 DSCR ratio with 20% down and a 7.5% interest rate. There's potential for higher income as rents are below market. Exterior maintenance, landscaping, and parking are handled by the condo association. Amenities include off-street parking and laundry options. The all-electric units ensure affordable utility costs, with water, trash, and gas included. Additionally, the hassle-free property management provided by the condo association allows for minimal owner oversight, making it an ideal investment opportunity. This portfolio benefits from proximity to major employers like Amazon and Boeing, making it a desirable location for tenants.
Location
State MO
County St. Louis
Area 48 - Hazelwood West
Interior
Heating Electric,Forced Air
Cooling Central Air,Electric
Laundry Common Area,In Unit
Exterior
Parking Features false
Building
Sewer Public Sewer
Water Public
Structure Type Brick
Schools
Elementary Schools Cold Water Elem.
Middle Schools Central Middle
High Schools Hazelwood West High
School District Hazelwood
Others
Special Listing Condition Standard