Great opportunity to purchase a package of seven well-maintained fully-rented condos consisting of 3 studio units, 1 one-bedroom unit, 2 two-bedroom units, and 1 three-bedroom unit. These condos are located in Hazelwood within close proximity.
- The condos are in high demand for rent & typically generate multiple applications when available.
- The apartments are currently rented for $5,800 a month which is $69,600 annualized.
- Based on current annual expenses of $25,821 with the current rent roll the building nets $43,779 a year.
- Units are rented under market rent, potential for net income to be over $50,000 annually.
- Very easy to maintain with a low monthly maintenance. All exterior repair costs & grass cutting, parking areas, roofs, etc. are taken care of by the condo association.
- Dedicated off-street parking & laundry in unit or on site.
- All condos are all electric & tenants do not have to pay for water, trash, or gas. Units have hotel-style heating and cooling, keeping costs down.
- Major employers nearby include Amazon and Boeing.