Under Contract
6947 Midwood Avenue
Hazelwood, MO 63042
38 beds
13 full baths
11,319 sqft
$1,195,000
Details
Rare opportunity to acquire portfolio of 12 single-family homes providing an excellent blend of stability, income, and future upside potential. Each home features a minimum of 3 bedrooms and 1 bathroom, with one home 5 bedrooms and 2 bathrooms. 11 of the 12 homes are currently leased to qualified tenants, ensuring immediate and consistent rental income from day one. The current owners have invested approximately $180k into capital improvements and updates since 2022. A savvy investor could continue leasing these homes for years, capitalizing on steady income, and then sell individual properties to owner-occupants at a premium for top dollar. Significant upside exists by increasing rents to the market value, potentially boosting gross monthly income to over $10,000. This presents a compelling value-add opportunity for investors looking to optimize returns. Seller will be reviewing offers October 8th at 12:00pm. Please include a response time of October 9th at 12:00pm. Duplicate 24062247
Specs
Type Single Family
Style 1 Story
Architecture Other
Beds 38
Total Baths 13 full baths
Square Footage 11,319 sqft
Garage Spaces 3
Lot Size 2.17 acres
Year Built 1954
Taxes Paid $15,397
Lots & Building Features
Appliances Dishwasher, Refrigerator, Range Hood, Microwave, Gas Oven
Architecture Other
Construction Brk/Stn Veneer Frnt, Vinyl Siding
Cooling Gas
Heat Source Gas
Heating Forced Air
Interior Decor Carpets, Walk-in Closet(s), Some Wood Floors
Parking Description Covered, Off Street
Sewer Public Sewer
Tax Year 2023
Water Public
Lot Dimensions 100x100 ft
Fireplace Locations None
Room Details
Main Level Full Baths 13
Basement Description Full
Dining Description Dining/Living Rm Cmb, Kitchen/Dining Combo
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Area
City Hazelwood
County St Louis
School District Ferguson-Florissant R-II
Subdivision Frostwood 6
Schools
Elementary School Wedgwood Elem.
Junior High School Ferguson Middle
Senior High School Mccluer High