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7596 Hazelcrest Drive #A, Hazelwood, MO 63042
$495,000
7596 Hazelcrest Drive #A, Hazelwood, MO 63042View this property at 7596 Hazelcrest Drive #A, Hazelwood, MO 63042
7596 Hazelcrest Drive #AHazelwoodMO63042
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Property 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 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.
Full Property Details
Full Property Details for 7596 Hazelcrest Dr #A
General
- Price: $495,000
- Taxes: $561 (2023)
- Status: Active
- Type: Commercial Multi-Family
- MLS ID: 24015064
- Updated: 3/14/2024
- Added to Site: 45 day(s) ago
Rental Information
- Lease/Rent Term: Leases
Parking
- Parking Features: Space/Unit - 1, Accessible Parking, Parking Lot
Location
- Area: Hazelwood West
- County: St Louis
- Township: Hazelwood
- Subdivision: Hazelcrest Condo
School Information
- School District: Ferguson-Florissant R-II
- High School District: Ferguson-Florissant R-II
- Elementary School: Combs Elem.
- Middle School: Berkeley Middle
- High School: Mccluer North High
Heating & Cooling
- Cooling Type: Electric
- Heating Type: Forced Air
- Heating Fuel: Electric
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Square Feet: 5,194
- Year Built: 1965
Lot Features
- Lot Size (Acres): 38.23
- Lot Size (Sq. Ft.): 1,665,299
- Lot Size Source: County Records
- Lot Dimensions: 100 x 100
Financial Considerations
- Price Per Sq. Ft.: $95.3
- Tax Amount: $561
- Tax Year: 2023
- Terms: Conventional, Exchange, Other
- Tenant Pays: Electricity
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2%
- Ownership: Private
- Special Conditions: Other, None
- Legal Description: HAZELCREST CONDOMINIUM BLDG 10 UNIT 89 .001573 OF 38.23 AC & COMMON INTEREST
- Inclusions: Building Only
- Disclosures/Reports: Unknown, Sellers Discl. Avail
- Property ID: 09K-61-2862
Listed by Invest St. Louis
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Schools
Schools serving 7596 Hazelcrest Dr #A
School District:Ferguson-Florissant R-Ii School District
Rating | Name | Grades | Distance |
---|---|---|---|
300 Saint Jean St, Florissant, MO 63031 | K-6 | 0.9 mi | |
14205 Cougar Dr, Florissant, MO 63033 | 7-8 | 2.7 mi | |
705 Waterford Dr, Florissant, MO 63033 | 9-12 | 2.1 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 7596 Hazelcrest Dr #A
Date
Details
Price
Change
Source
3/13/2024
Listed
$495,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 7596 Hazelcrest Dr #A
Year
Property Taxes
Change
Tax Assessment
Change
2023
$561
15%
$8,040
31%
2021
$486
—
$6,160
—
2022
$488
—
$6,160
28%
2021
$486
23%
$4,830
—
2019
$395
1%
$4,830
12%
2018
$393
1%
$4,320
—
2017
$391
32%
$4,320
35%
2016
$297
-1%
$3,210
—
2015
$299
-16%
$3,210
-16%
2014
$357
6%
$3,800
—
2013
$336
—
$3,800
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 7596 Hazelcrest Dr #A
7596 Hazelcrest Drive #A, Hazelwood, MO 63042 (MLS# 24015064) is a Commercial Multi-Family property. 7596 Hazelcrest Drive #A is currently listed for $495,000 and was received on March 13, 2024. Want to learn more about 7596 Hazelcrest Drive #A? Do you have questions about finding other Commercial Multi-Family real estate for sale in Hazelwood? You can browse all Hazelwood real estate or contact a Coldwell Banker agent to request more information.