7443 Hazelcrest DrHazelwood, MO 63042

Property Details for 7443 Hazelcrest Dr

Year built

1966

Lot size

38.23 AC

Property type

Multifamily properties

Description

This exceptional investment opportunity presents a portfolio of seven well-maintained condos situated across five buildings in the thriving Hazelwood, MO market. The diverse unit mix includes three studios, one one-bedroom, two two-bedroom, and one three-bedroom unit, offering a balanced rental strategy. Currently generating a substantial monthly rental income of $6,125 ($73,500 annually), this portfolio boasts a projected net annual income of $45,930 after expenses of $27,570 (following the rehabilitation and leasing of unit 7596 A). This translates to a 1.2 Debt Service Coverage Ratio (DSCR) based on a purchase price of $440,000, a 20% down payment, and a 7.5% interest rate. Significant upside potential exists due to below-market rents. The property benefits from a convenient location near major employers such as Amazon and Boeing, ensuring high tenant demand. Exterior maintenance, landscaping, and parking are managed by the condo association, minimizing owner responsibilities. Residents enjoy the convenience of off-street parking and on-site laundry facilities. All-electric units contribute to affordable utility costs for tenants, with water, trash, and gas included in the rental price. The hassle-free property management provided by the condo association further enhances the appeal of this low-maintenance investment, making it an ideal choice for passive income seekers. The property sits on a 38.23-acre lot.

Location Insight

City

Hazelwood

County

St Louis

State

Missouri

Latitude

38.7793

Longitude

-90.3417

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].