Courtesy of: Jack Orban, Invest St. Louis, jack@investinstlouis.com
Courtesy of: Jack Orban, Invest St. Louis, jack@investinstlouis.com
$480,000
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Lot: 38.23 Acres
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Other
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$480,000
7596 Hazelcrest Drive Unit: A Investment opportunity featuring seven well-maintained condos in Hazelwood generating $70, 800 in annual rental income based on in-place rents, with a cap rate of 9.2%. Additionally, there is the potential for even higher net income as the units are currently rented below market rates with scheduled rent increases planned. The condos offer a mix of unit types, including 3 studios, 1 one-bedroom, 2 two-bedroom, and 1 three-bedroom. With high demand, these units consistently attract multiple rental applications. Property maintenance is hassle-free with the condo association handling all exterior repairs, landscaping, and parking areas. Amenities include dedicated off-street parking, in-unit or on-site laundry, and cost-effective all-electric utilities, covering water, trash, and gas expenses. The condos are located near major employers like Amazon and Boeing. The condos are located near each other in 5 different buildings with 6 condos in one association and the 7th in another.
Courtesy of: Jack Orban, Invest St. Louis, jack@investinstlouis.com
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