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Great opportunity to purchase a package of 7 well-maintained fully rented condos consisting of 3 studio's, 1 (1) bed unit, 2 (2) bed units, and 1 (3) bed unit. Located in Hazelwood within close proximity. These 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. Very easy to maintain with low monthly maintenance. All exterior repair costs & grass cutting, parking areas, roofs, etc are taken care of by the condo assoc. 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 including Amazon, Boeing. Units are rented under market rent, potential for net income to be over $50,000 annually.

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Street Address: 7499 Hazelcrest Drive

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City: Hazelwood

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State: Missouri

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Postal Code: 63042

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MLS Number: MAR23059763

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Courtesy of Invest St. Louis

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