7596 Hazelcrest Drive
Hazelwood,
MO
63042
Property Details
List Price: |
$495,000 |
Beds: |
-- |
Baths: |
-- |
Status: |
Active |
SqFt: |
5194 |
Agency: |
Invest St. Louis |
Description/Comments
Lot Size: |
38 acre(s) |
Property Type: |
MultiFamily |
Year Built: |
1965 |
Notes: |
Investment opportunity featuring seven well-maintained condos in Hazelwood generating $70,800 in annual rental income based on in-place rents, with a cap rate of 8.9%. Additionally, there is the potential for even higher net income as the units are currently rented below market rates with scheduled rent increases planned. The condos offer a mix of unit types, including 3 studios, 1 one-bedroom, 2 two-bedroom, and 1 three-bedroom. With high demand, these units consistently attract multiple rental applications. Property maintenance is hassle-free with the condo association handling all exterior repairs, landscaping, and parking areas. Amenities include dedicated off-street parking, in-unit or on-site laundry, and cost-effective all-electric utilities, covering water, trash, and gas expenses. The condos are located near major employers like Amazon and Boeing. The condos are located near each other in 5 different buildings with 6 condos in one association and the 7th in another. |
MlsNumber: |
24015064 |
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Listing Provided By: |
Invest St. Louis, original listing |
Name: |
Invest St. Louis |
Phone: |
(314) 255-5117 |
Office Name: |
Invest St. Louis |
Office Phone: |
(314) 325-6201 |
Agent Name: |
Jack Orban |
Disclaimer: |
Copyright © 2024 MARIS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. |