7443 Hazelcrest Drive H, Hazelwood MO 63042

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$440,000

7443 Hazelcrest Drive H, Hazelwood, MO 63042

bedrooms

bathrooms

square feet

5,194

Acreage

38.23

Open Houses

year built

1966

Full Baths

Half Baths

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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.

Location
Subdivision	Hazelwood Condo
County	St Louis
Elementary School	Cold Water Elem.
Middle School	Central Middle
High School	Hazelwood West High

Driving directions

Open houses

None scheduled.

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MLS number: 24058094

Listing agent: Matthew Guignon #2018041115

Listing broker: Invest St. Louis (314) 255-5117

Last update: Friday, January 17 2025 at 3:31 p.m. EST

Kotohomes National