Properties

Commercial Sale For Sale

7499 Hazelcrest Drive Unit H, Hazelwood, Missouri 63042

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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.

Basic Details
Property Type : Commercial Sale
Listing ID : 24058094
Price : $440,000
Year Built : 1966
Lot Area : 38.23 Acre
Status : Active
Property Sub Type : Multi-Family 5+
Features
Heating System : Forced Air
Cooling System : Electric
Parking : Parking Lot, Accessible Parking, Space/Unit - 1
SchoolDistrict : Hazelwood
Taxes Paid : $0
Sewer : Public Sewer
Laundry Features : Common Laundry, Prvt Laund some unit
Address Map
Mls Area Major : Hazelwood West
Unit Number : H
Neighborhood
Middle School : Central Middle
High School District : Hazelwood
High School : Hazelwood West High
Elementary School : Cold Water Elem.
Additional Information
Lot Size Dimensions : 100x100
Water Source : Public
Previous Price : 455000
Number Of Units Total : 7
Construction Materials : Brick
Financial
Association Fee : 1519
Association Fee Frequency : Monthly
Tax Annual Amount : 4396
Listing Information
Co List Agent Mls Id : JSCHOEN
Co List Office Mls Id : INVS01
Co List Office Name : Invest St. Louis
List Agent Mls Id : MGUIGNON
List Office Mls Id : INVS01
Modification Timestamp : 2025-01-18T16:03:08Z
Originating System Name : MARIS
Special Listing Conditions : None, Other
Status Change Timestamp : 2024-09-12T16:05:44Z
Commercial Sale
  • Listing ID : 24058094
  • Lot Area : 38.23 Acre
$440,000
Agent info
1 Degree Realty
8930 Gravois Road
Contact Agent