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
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 SchoolCombs Elem.
Junior High SchoolBerkeley Middle
Senior High SchoolMccluer 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.
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.
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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