MO > Hazelwood > Hazelwood Condo
Hazelwood, MO 63042,7443 Hazelcrest Drive #H
Hazelwood, MO 63042,7443 Hazelcrest Drive #H
Hazelwood, MO 63042,7443 Hazelcrest Drive #H
Additional details
Joe LoPiccolo

Joe LoPiccolo

+1(314) 422-0125
$440,000
Est. payment /mo
5,194 SqFt
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UPDATED:

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

Acres 38.23

Lot Dimensions 100x100

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

Fireplace N

Appliance Gas Water Heater

Laundry Common Area, In Unit

Exterior

Parking Features false

Building

Sewer Public Sewer

Water Public

Architectural Style Low/1-2

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

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Listed by Invest St. Louis

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agent

Joe LoPiccolo

+1(314) 422-0125

Broker Associate | License ID: 2005026477

Broker Associate License ID: 2005026477

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