7499 Hazelcrest Drive, #H

Hazelwood, MO 63042

This portfolio includes seven well-maintained condos across five buildings in Hazelwood. The mix features 3 studios, 1 one-bedroom, 2 two-bedroom, and 1 three-bedroom units. The current monthly rental income is $6,125 ($73,500 annually) with expenses at $27,570, resulting in $45,930 net income. With the new price, this investment meets the 1.2 debt-to-income ratio with 20% down and a 7.5% interest rate. Theres 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.

This is an Active listing.

Broker Office Phone Number: 314-325-6201

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