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 $6,125 ($73,500 annually) with expenses at $27,570, resulting in $45,930 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.
Lot & Building Features
Assoc Fee$1,519
Assoc Fee PaidMonthly
ConstructionBrick
CoolingElectric
Heat SourceElectric
HeatingForced Air
Parking DescriptionAccessible Parking, Space/Unit - 1, Parking Lot
SewerPublic Sewer
Tax Year2023
WaterPublic
Lot Dimensions100x100 ft
Community and Schools
Elementary SchoolCold Water Elem.
Junior High SchoolCentral Middle
Senior High SchoolHazelwood West High
Price History of 7443 Hazelcrest Drive, Hazelwood, MO
Date
Name
Price
Difference
09/12/2024
Listing Price
$455,000
N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.
7443 Hazelcrest Drive (MLS #24058094) is a multi-family listing located in Hazelwood, MO.
This multi-family listing is 5,194 sqft and on a lot of 1,665,299 sqft (or 38.23 acres) and is 58 years old. This property was listed on 09/12/2024 and has been priced for sale at $455,000.
Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.
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Listing information courtesy of: Invest St. Louis
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