7499 Hazelcrest Dr, Hazelwood, MO 63042

This exceptional investment opportunity presents a portfolio of seven meticulously maintained condos situated across five buildings in Hazelwood, Missouri. The property boasts a total of 5,194 square feet on a substantial 38.23-acre lot and comprises a mix of unit types: three studios, one one-bedroom, two two-bedroom, and one three-bedroom unit. Currently generating a Net Operating Income (NOI) of $45,930, with a pro-forma NOI of $51,888, this portfolio offers a compelling 10.09% cap rate and a pro-forma cap rate of 11.40%. The asking price is $455,000, translating to $65,000 per unit. Built in 1966, the two-story buildings are conveniently located near major employers like Amazon and Boeing, ensuring high occupancy rates. The property benefits from a condo association that manages exterior maintenance, landscaping, and parking. Units feature in-unit or on-site laundry facilities and cost-effective all-electric utilities (water, trash, and gas included). The property's seven units are currently fully occupied, generating a substantial annual rental income. The convenient location, strong rental demand, and low-maintenance aspects make this a highly attractive investment opportunity. Parcel numbers include: 09K-61-4721, 09K-61-4138, 09K-61-4567, 09K-61-4590, 09K-61-3939, 09K-61-2862, and 09H-22-1882. Addresses include 7499, 7415, and 7443 Hazelcrest Dr, Hazelwood, MO 63042 and 1544 Summer Run Dr, Florissant, MO 63033.