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
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$455,000
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5,194 SqFt
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7443 Hazelcrest Drive #H Hazelwood, MO 63042

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Amanda Alejandro

Amanda Alejandro

Realty Shop

+1(636) 544-2288

UPDATED:

09/18/2024 04:04 PM

Key Details

Property Type Multi-Family

Sub Type Multi-Family 5+

Listing Status Active

Purchase Type For Sale

Square Footage 5,194 sqft

Price per Sqft $87

Subdivision Hazelwood Condo

MLS Listing ID 24058094

Construction Status 58

HOA Fees $1,519/mo

Year Built 1966

Building Age 58

Lot Size 38.230 Acres

Acres 38.23

Lot Dimensions 100x100

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 $6,125 ($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.

Location

State MO

County St Louis

Area Hazelwood West

Interior

Heating Forced Air

Cooling Electric

Fireplace N

Laundry Common Laundry, Prvt Laund some unit

Building

Sewer Public Sewer

Water Public

Structure Type Brick

Construction Status 58

Schools

Elementary Schools Cold Water Elem.

Middle Schools Central Middle

High Schools Hazelwood West High

School District Hazelwood

Others

Acceptable Financing Conventional, Exchange, Other

Listing Terms Conventional, Exchange, Other

Special Listing Condition Other, None

Listed by Matthew Guignon • Invest St. Louis

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Amanda Alejandro

+1(636) 544-2288

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