7499 Hazelcrest Dr Hazelwood, MO 63042
- Apartment buildings
- 5,194 SF
- 38.23 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 7499 Hazelcrest Dr
- Year built
- 1966
- Lot size
- 38.23 lot acres
- Property size
- 5,194 SF
- Property type
- Apartment buildings
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Hazelwood
- County
- St. Louis
- State
- Missouri
- Longitude
- -90.3409
- Latitude
- 38.7806
