7443 Hazelcrest Drive, Unit H

Hazelwood, MO 63042

$455,000
Price
Beds
5,194 Sq. Ft.
$88 / Sq. Ft.
5,194
Sq. Ft.
$88
per Sq. Ft.

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.
  1. Listed by Matthew Guignon • Invest St. Louis
  2. 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

StatusActive
MLS #24058094
Days on Market66
Taxes$4,396 / year
HOA Fees$1,519 / month
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial Sale / Multi-Family 5+
Year Built1966
Lot Size38.23 AC / 1,665,299 SF
CountySt. 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

Summary
Location and General Information
  • City: Hazelwood
  • County Or Parish: St Louis
  • Latitude: 38.780413
  • Longitude: -90.340744
  • Location: Suburban
  • Postal Code: 63042
  • State Or Province: MO
  • Sub division Name: Hazelwood Condo
  • Unit Number: H
Taxes and HOA Information
  • List AOR: St. Louis Association of REALTORS
  • Association Fee: $1,519.00
  • Association Fee Frequency: Monthly
  • Prop Asses City Tax: 0
  • Parcel Number: 09K-61-4721
  • Tax Annual Amount: $4,396.00
  • Tax Legal Description: HAZELCREST CONDOMINIUM UNIT 259 BLDG 19.001793 OF 38.23 AC & COMMON INTEREST
  • Tax Year: 2023
Owner
  • Township: Hazelwood
Parking
  • Attached Garage: No
  • Parking Features: Space/Unit - 1, Accessible Parking, Parking Lot
School Information
  • Elementary School: Cold Water Elem.
  • High School: Hazelwood West High
  • High School District: Hazelwood
  • Middle Or Junior School: Central Middle
Property
Lot Information
  • Lot Size Acres: 38.23
  • Lot Size Dimensions: 100x100
  • Lot Size Source: County Records
  • Lot Size Square Feet: 1665299.0
  • Property Sub Type: Multi-Family 5+
  • Builder Model: Low/1-2
  • Property Type: Commercial Sale
Property and Assessments
  • Above Grade Finished Area: 5194.0
  • Above Grade Finished Area Source: Public Records
  • Documents Count: 4
  • Photos Count: 22
  • Videos Count: 0
  • Year Built: 1966
  • Disclosures: Unknown,Sellers Discl. Avail
  • Age: 58
  • Construction Materials: Brick
Utilities
  • Sewer: Public Sewer
  • Water Source: Public
Interior and Exterior Features
Interior Features
  • Heat Source: Electric
  • Cable Available: 0
  • Cooling: Electric
  • Heating: Forced Air
  • Heating YN: Yes
  • Laundry Features: Common Laundry, Prvt Laund some unit
Multi Family
Multi-Family Information
  • Number Of Units Total: 7
  • One Bed Unit Baths: 1 Per Unit
  • Bedroom number of Units: 1
  • TYPE: Other
  • Two Bed Unit Baths: 1 Per Unit
  • Two Bed Unit Units: 2
  • Three Bed Unit Baths: 1 1/2 Per Unit
  • Three Bed Unit Units: 1
Income & Expenses
  • Net Operating Income: $45,930.00
  • Total Expenses: 27570.00
Rental
Rent Information
  • Lease Term: Leases
  • Tenant Pays: Electricity
  • Efficiency Baths: 1 Full
  • Efficiency Units: 3

Property History for 7443 Hazelcrest Drive, Unit H

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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 Record2023$494 ($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.

Similar Homes

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7443 Hazelcrest Drive, Unit H is a multi-family home for sale in Hazelwood, MO 63042. This property was listed for sale on September 12, 2024 by Invest St. Louis, it's currently listed at $455,000. It has been on the market for a total of 66 days and was last sold on April 21, 2021. This listing's school district is Ferguson-Florissant R-Ii School District. Nearby schools include Combs Elementary School, Cross Keys Middle School and Mccluer North High School. 7443 Hazelcrest Drive, Unit H is a 0-bed, 0-bath, 5,194 sqft multi-family home built in 1966.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Invest St. Louis

Based on information from one of the following Multiple Listing Services: MARIS, Bagnell Dam Association of REALTORS . Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MARIS, Bagnell Dam Association of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.