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7443 Hazelcrest Drive #H

Hazelwood, MO 63042
5,194 sqft
$455,000
Photo of 7443 Hazelcrest Drive Hazelwood MO 63042

Details

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.

Specs

Type Multi-Family
Square Footage 5,194 sqft
Lot Size 38.23 acres
Year Built 1966
Assoc Fee $1,519
Assoc Fee Paid Monthly
Taxes Paid $4,396

Lots & Building Features

Assoc Fee $1,519
Assoc Fee Paid Monthly
Construction Brick
Cooling Electric
Heat Source Electric
Heating Forced Air
Parking Description Accessible Parking, Space/Unit - 1, Parking Lot
Sewer Public Sewer
Tax Year 2023
Water Public
Lot Dimensions 100x100 ft

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Financing

$
20%
0.96615384615385%
6.75%
$
$
$
per month
Principal & Interest
Monthly Taxes
Monthly HOA
Monthly Home Ins.
Monthly PMI

Area

City Hazelwood
County St Louis
School District Hazelwood
Subdivision Hazelwood Condo

Schools

Elementary School Cold Water Elem.
Junior High School Central Middle
Senior High School Hazelwood West High
Matt Guignon & Jordan Schoen, Invest St. Louis