Select Properties
Michael Hofmeister, Select PropertiesPhone: (314) 323-8003
Email: [email protected]

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listing
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CommercialFor Sale
$455,000
7443 Hazelcrest Drive H
Hazelwood, MO 63042
Courtesy of Invest St. Louis
MLS: Mid America Regional MLS (MARIS)
Est. Mortgage
$2,449/mo

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.

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Information courtesy of Invest St. Louis is subject to verification and is not guaranteed.
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