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7596 Hazelcrest Dr Hazelwood, MO 63042
- Multi-family (2-4 units) / Resale (MLS)
Property Details for 7596 Hazelcrest Dr, Hazelwood, MO 63042
Features
- Lot Size: 632.00 sq. ft.
Facts
- Year Built: 01/01/1965
- Property ID: 880173142
- MLS Number: 24015064
- Property Type: Multi-family (2-4 units)
- County: SAINT LOUIS
Description
This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.
This listing is NOT a foreclosure. 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.
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