7443 Hazelcrest Drive, Unit H
$455,000
—
5,194
5,194
$88
Description
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,...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.
- Listed by Matthew Guignon • Invest St. Louis
- Listed by Jordan Schoen • Invest St. Louis
Property Details for 7443 Hazelcrest Drive, Unit H
Cross Street
Sieloff
LISTING UPDATED: 09/18/2024 11:04 AM
Property Details for 7443 Hazelcrest Drive, Unit H
Status | Active |
---|---|
MLS # | 24058094 |
Days on Market | 100 |
Taxes | $4,396 / year |
HOA Fees | $1,519 / month |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Commercial Sale / Multi-Family 5+ |
Year Built | 1966 |
Lot Size | 38.23 AC / 1,665,299 SF |
County | St. Louis County |
Building Information for 7443 Hazelcrest Drive, Unit H
Stories-Residences7Year Built1966Building Size-Lot Size38.23 AC / 1,665,299 SF
Property Information for 7443 Hazelcrest Drive, Unit H
Property History for 7443 Hazelcrest Drive, Unit H
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 7443 Hazelcrest Drive, Unit H
Taxable ValueLand$440Additions$6,630Total$7,070
Tax Record2024$489 ($41 / month)
Home Facts
Beds1Baths1Total Finished SqFt506 SqFtAbove Grade Finished SqFt506 SqFtStories1Lot Size505 SqFtStyleCondominiumYear Built1965Zoning80ECountyST. LOUISAPN09K-6-1-413-8
Schools near 7443 Hazelcrest Drive, Unit H
This home is within Ferguson-Florissant R-Ii School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | 3 to 5 | |||
Public - | 7 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Combs Elementary School Public3 to 5 | ||
Cross Keys Middle School Public7 to 8 | ||
Mccluer North High School Public9 to 12 | ||
THE INNOVATION SCHOOL AT CV Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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