7596 Hazelcrest Drive #AHazelwood, 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 8.9%. 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.
- Property TypeCommercial
- NeighborhoodHazelcrest Condo
- CountySt Louis
- Taxes$561
- HOA/Condo/Coop Fees$0
- Days on Site45 Days
- MLS StatusActive
- MLS ID Number24015064
- Home Size Source County Records
- Year Built1965
- Lot Size38.23 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Construction Brick
- Parking Space/ Unit - 1Accessible ParkingParking Lot
- Sewer Public Sewer
- Acreage 38.23
- Water Public
- Property Sub Type Multi Family
- Attached Garage No
- SqFt Above 5194
Interior Features
- Cooling Electric
- Heating Forced Air
- Laundry Features Common LaundryPrvt Laund some unit
Exterior Features
- Construction Details Brick
Community Features
- Township Hazelwood
- MLS Area Hazelwood West