7 Well Maintained Condos In Hazelwood

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 $26,695 with the current rent roll the building nets $42,905 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.

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Updated Three-Family in the Grove

Opportunity to purchase a renovated 3 family in The Grove. Located across the street from a park, near Forest Park, Barnes-Jewish Hospital, Washington University Medical School, The Cortex, and The Botanical Gardens.

This 3,652 sq. ft. building has a recently renovated 1,800+ sq. ft. 2-story townhome with 3 beds and 1.5 baths. Features include an updated kitchen with stainless steel appliances, updated bathrooms, a fireplace, central air, hardwood floors, a fenced backyard, and off-street parking. Perfect for owner occupancy or for an investor. There are also 2 one-bedroom units with one unit rented for $1,195 and $995.

The potential income is over $50,000 annually if fully rented. Average rent for similar size townhomes within a mile in the last year is $2,304 and the average rent for a similar size 1 bedroom is $1,402. There are two separate basements, the east basement has a bathroom with a shower, and two partially finished rooms.

Take the virtual tour: https://my.matterport.com/show/?m=xLoqix8ZGs9

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