7443 Hazelcrest Drive
Hazelwood, MO 63042
Listed: September 12, 2024 (70 days)
Text for showing or question.

$455,000
MLS# 24058094
Commercial Sale
Status: Active

7443 Hazelcrest Drive
Hazelwood, MO 63042

$455,000
Status: Active
Text for showing or question.

Bedrooms

Beds

Bathrooms

Bath

5194

Sq Ft Above Grade

Sq Ft

38.23
Acres

MLS# 24058094

Days On Market: 70

Listed: Thursday September 12, 2024 (70 days)

Times this home has been viewed: 476

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.

Property Description

Photo: 3