Skip To Content

7596 Hazelcrest Drive , A

Hazelwood, MO 63042
  • $480,000
  • STATUS: Active
  • ON SITE: 74 Days
  • ID#: 24015064
$480,000
  • 0
    BEDS
  • 38.23
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,194
    SQFT
  • $92
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1965
County:

School Information

Elementary School:
Middle School:
High School:
School District:

Description

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 9.2%. 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.

Monthly Payment Calculator

Listing information © 2024 Mid America Regional Information Systems, Inc. Information from third parties deemed reliable but not verified. Data last update 2024-05-26T22:40:04.293.

The Becky O'Neill Power Home Selling Team | RE/MAX RESULTS: 314-394-5499
www.beckyoneill.com/homes/148552595
Print Image

7596 Hazelcrest Drive , A Hazelwood, MO 63042

  • Price: $480,000
  • Status: Active
  • On Site: 74 Days
  • ID#: 24015064
0
Beds
0
Baths
0
½ Baths
38.23
Acres
5,194
SQFT
$92
$/SQFT
1965
Built
Neighborhood:
Hazelcrest Condo
County:
St Louis
Area:
Hazelwood West
Elementary School:
Combs Elem.
Middle School:
Berkeley Middle
High School:
Mccluer North High
School District:
Ferguson-Florissant R-Ii
Property Description
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 9.2%. 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.
Exterior Features

Attached Garage YN No Construction Materials Brick Lot Size Dimensions 100x100 Lot Size Source County Records Parking Features Space/Unit - 1Accessible ParkingParking Lot

Interior Features

Above Grade Finished Area Source Public Records Cooling Electric Heat Source Electric Heating Forced Air Heating YN Yes Laundry Features Common LaundryPrvt Laund some unit

Property Features

Association St. Louis Association of REALTORS Builder Model Low/1-2 Cable Available No Current Financing ConventionalExchangeOther Disclosures UnknownSellers Discl. Avail Inclusions Building Only Lease Term Leases Location Suburban Net Operating Income 44105 Ownership Private Possession Close Of Escrow Property Sub Type Multi-Family 5+ Property Sub Type Additional Other Sewer Public Sewer Special Listing Conditions OtherNone Tax Annual Amount 561 Tax Year 2023 Tenant Pays Electricity Three Bed Units 1 Transaction Type Sale Two Bed Units 2 Water Source Public

Listing provided courtesy of Invest St. Louis: 3256201. Listing information © 2024 Mid America Regional Information Systems, Inc.
Listing information © 2024 Mid America Regional Information Systems, Inc. Information from third parties deemed reliable but not verified. Data last update 2024-05-26T22:40:04.293.

The Becky O'Neill Power Home Selling Team | RE/MAX RESULTS: 314-394-5499
 
https://bt-photos.global.ssl.fastly.net/midamerica/orig_boomver_1_24015064-1.jpg https://bt-photos.global.ssl.fastly.net/midamerica/orig_boomver_1_24015064-1.jpg https://bt-photos.global.ssl.fastly.net/midamerica/orig_boomver_1_24015064-1.jpg
Logo
The Becky O'Neill Power Home Selling Team | RE/MAX RESULTS
13208 Manchester Road
St. Louis MO, 63131