7596 Hazelcrest Drive, Unit A

Hazelwood, MO 63042

$495,000
Price
Beds
5,194 Sq. Ft.
$95 / Sq. Ft.
5,194
Sq. Ft.
$95
per Sq. Ft.

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.
  1. 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 Courtesy of Invest St. Louis
Add your commute
LISTING UPDATED: 03/21/2024 11:03 AM

Property Details for 7596 Hazelcrest Drive, Unit A

StatusActive
MLS #24015064
Days on Market45
Taxes$561 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial Sale / Multi-Family 5+
Year Built1965
Lot Size38.23 AC / 1,665,299 SF
CountySt. Louis County

Location

Listing Courtesy of Invest St. Louis
Add your commute

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

30 year fixed, 7.25% Interest

Principal and Interest

$2,701

Property Taxes

$47

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 7596 Hazelcrest Drive, Unit A

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: Hazelcrest Condo
  • Unit Number: A
  • Postal Code Plus 4: 2270
Taxes and HOA Information
  • List AOR: St. Louis Association of REALTORS
  • Parcel Number: 09K-61-2862
  • Tax Annual Amount: $561.00
  • Tax Legal Description: HAZELCREST CONDOMINIUM BLDG 10 UNIT 89 .001573 OF 38.23 AC & COMMON INTEREST
  • Tax Year: 2023
Owner
  • Township: Hazelwood
  • Owner Name: Mt Thomas Properties Llc
Parking
  • Attached Garage: No
  • Parking Features: Space/Unit - 1, Accessible Parking, Parking Lot
School Information
  • Elementary School: Combs Elem.
  • High School: Mccluer North High
  • High School District: Ferguson-Florissant R-II
  • Middle Or Junior School: Berkeley 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: 2
  • Photos Count: 16
  • Videos Count: 0
  • Year Built: 1965
  • Disclosures: Unknown,Sellers Discl. Avail
  • Age: 59
  • Construction Materials: Brick
  • Ownership Type: Private
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: $44,105.00
  • Total Expenses: 26695.00
Rental
Rent Information
  • Lease Term: Leases
  • Tenant Pays: Electricity
  • Efficiency Baths: 1 Full
  • Efficiency Units: 3

Property History for 7596 Hazelcrest Drive, Unit A

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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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7596 Hazelcrest Drive, Unit A is a multi-family home for sale in Hazelwood, MO 63042. This property was listed for sale on March 14, 2024 by Invest St. Louis, it's currently listed at $495,000. It has been on the market for a total of 45 days and was last sold on July 1, 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. 7596 Hazelcrest Drive, Unit A is a 0-bed, 0-bath, 5,194 sqft multi-family home built in 1965.

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. 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.