1 of 16
Tools
Size
5,194 Sq Ft.
interior
38.23 Acres
Exterior
Financial
$92
Price Per Sqft
$561
Annual taxes
Listing Details
Multi Family
Property type
1965
Year Built
10911375
Web Id
24015064
MLS ID
188
Days Posted
Description
7596 Hazelcrest Drive,
#A,
Hazelwood,
MO
63042
#A, Hazelwood, MO 63042
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.
This is an Active listing.
Broker Office Phone Number: 314-325-6201
Copyright © 2024MARIS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
This is an Active listing.
Broker Office Phone Number: 314-325-6201
Copyright © 2024MARIS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Amenities
- Parking Lot
Price History
date | price | variance | type |
---|---|---|---|
8/11/2024 | $480,000 | - | off market |
5/10/2024 | $480,000 | 3.03 % | decreased |
3/13/2024 | $495,000 | - | Listed |
Listing By: Invest St. Louis via Data Source: MARIS