7596 Hazelcrest Drive, Unit A
7596 Hazelcrest Drive, Unit A
$495,000
—
5,194
5,194
$95
Description
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 8.9%. 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...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 8.9%. 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.
- Listed by Jack Orban • Invest St. Louis
Amenities
- Air Conditioning
- Forced Air
- Laundry
- Laundry in Building
- Off-Street Parking
- Parking Included
- Parking Lot
- Washer / Dryer in Unit
Location
LISTING UPDATED: 03/21/2024 11:03 AM
Property Details for 7596 Hazelcrest Drive, Unit A
Status | Active |
---|---|
MLS # | 24015064 |
Days on Market | 45 |
Taxes | $561 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Commercial Sale / Multi-Family 5+ |
Year Built | 1965 |
Lot Size | 38.23 AC / 1,665,299 SF |
County | St. Louis County |
Location
Building Information for 7596 Hazelcrest Drive, Unit A
Stories-Residences7Year Built1965Building Size-Lot Size38.23 AC / 1,665,299 SF
Payment Calculator
$2,748 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 7596 Hazelcrest Drive, Unit A
Property History for 7596 Hazelcrest Drive, Unit A
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 7596 Hazelcrest Drive, Unit A
Taxable ValueLand$530Additions$7,510Total$8,040
Tax Record2023$561 ($47 / month)
Home Facts
Beds1Baths1Total Finished SqFt630 SqFtAbove Grade Finished SqFt630 SqFtStories1Lot Size632 SqFtStyleCondominiumYear Built1965Zoning80ECountyST. LOUISAPN09K-6-1-286-2
Schools near 7596 Hazelcrest Drive, Unit A
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 | |||
Private - | PK 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 | ||
North County Christian School PrivatePK 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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