NeighborWho / MO / Hazelwood / 7596 Hazelcrest Drive

1 of 3

For Sale

$480,000

0 beds
0 baths
5194 Sq Ft

7596 Hazelcrest Drive,
Hazelwood, MO, 63042

Latitude 38.780413 - Longitude -90.340744

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Overview

Listing Status Active

MLS 24015064

Property Type

Other

Year built

1965

Total rooms

Lot size

38.23 Acres

Time on NeighborWho

59 days

Stories

Price per Sq Ft

$92

Parking

0e0 car garage

Basement

About 7596 Hazelcrest Drive, Hazelwood, MO

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. Read more

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