7411 Sieloff DR #H Active Save Request In-Person Tour Request Virtual Tour
Hazelwood,MO 63042
Key Details
Property Type Multi-Family, Commercial
Sub Type Multi-Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 5,722 sqft
Price per Sqft $73
Subdivision Hazelcrest Iii Condo
MLS Listing ID MAR25016936
HOA Fees $1,419/mo
Year Built 1966
Annual Tax Amount $632
Lot Size 3,136 Sqft
Property Sub-Type Multi-Family 5+
Property Description
This portfolio features seven diligently maintained condos located close to each other in Hazelwood on Sieloff Drive. All 7 units are currently occupied. These condos are all two-bedroom, one-bathroom units with the exception of one 3-bedroom, 1-bathroom unit. Many of these units have had the same tenants for several years and are in good condition.
The current monthly rental income totals $63,900 annually with current annual expenses of $21,666, resulting in a net annual income of $42,234. At the current list price, assuming 80% LTV 30yr amortization and 7% rate this condo portfolio is lender friendly, exceeding a 1.5 DSCR. There is potential for even higher net income as the units are currently rented below market rates. Property maintenance is hassle-free with the condo association handling all exterior repairs, landscaping, and parking areas. Amenities include off-street parking, in-unit or on-site laundry, and all-electric utilities, covering water, trash, and gas expenses.
Location
State MO
County St Louis
Area North
Interior
Heating Baseboard
Cooling Window Unit(s)
Laundry Coin Operated,Common Laundry
Exterior
View Y/N No
Building
Sewer Public Sewer
Water Public
Structure Type Brick Veneer,Frame
Schools
Elementary Schools Combs Elem.
Middle Schools Cross Keys Middle
High Schools Mccluer North High
School District Ferguson-Florissant R-Ii
Others
Special Listing Condition Other,None