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$ 440,000
Est. payment /mo
Active
7443 Hazelcrest Drive #H Hazelwood, MO 63042
5,194 SqFt
UPDATED:
Key Details
Property Type Multi-Family, Commercial
Sub Type Multi-Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 5,194 sqft
Price per Sqft $84
Subdivision Hazelwood Condo
MLS Listing ID MAR24058094
HOA Fees $1,519/mo
Year Built 1966
Annual Tax Amount $4,396
Lot Size 38.230 Acres
Acres 38.23
Lot Dimensions 100x100
Property Sub-Type Multi-Family 5+
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 Hazelwood West
Interior
Heating Forced Air
Cooling Electric
Fireplace N
Laundry Common Laundry, Prvt Laund some unit
Exterior
View Y/N No
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 Other, None
Listed by Invest St. Louis