Multi-Family for Sale: 7596 Hazelcrest Drive #A, Hazelwood, MO 63042

5,194 sqft
$480,000
$480,000
7596 Hazelcrest Drive #A, Hazelwood, MO 63042
5,194 sqft
$480,000
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Price:
$480,000
$15,000 - 05/09/2024

Type Multi-Family
Square Footage 5,194 sqft
Lot Size 38.23 acres
Year Built 1965
Taxes Paid $561

City Hazelwood
County St Louis
School District Ferguson-Florissant R-II
Subdivision Hazelcrest Condo

MLS 24015064
Status Active
DOM 109 days
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.

Lot & Building Features

Construction Brick
Cooling Electric
Heat Source Electric
Heating Forced Air
Parking Description Accessible Parking, Space/Unit - 1, Parking Lot
Sewer Public Sewer
Tax Year 2023
Water Public
Lot Dimensions 100x100 ft

Community and Schools

Elementary School Combs Elem.
Junior High School Berkeley Middle
Senior High School Mccluer North High

Price History of 7596 Hazelcrest Drive, Hazelwood, MO

Date Name Price Difference
05/09/2024 Price Adjustment $480,000 3.03%
03/13/2024 Listing Price $495,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Map of 7596 Hazelcrest Drive, Hazelwood, MO

Location Map Street View
Photo of Michele Wilkes
Direct: 479-685-1023
Office
5988 Mid Rivers Mall Dr.
St. Charles, MO 63304
336-6216
Listed by Invest St. Louis, Jack Orban
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0.116875%
6.75%
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Monthly Taxes
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7596 Hazelcrest Drive (MLS #24015064) is a multi-family listing located in Hazelwood, MO. This multi-family listing is on a lot of 1,665,299 sqft (or 38.23 acres) and is 59 years old. This property was listed on 03/13/2024 and has been priced for sale at $480,000.

Nearby zip codes are 63031, 63033, 63074, 63134 and 63135. This property neighbors other cities such as Berkeley, Calverton Park, Ferguson, Florissant and St Louis.

Maris

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.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: Invest St. Louis

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