7411 Sieloff DR #H Active Save Request In-Person Tour Request Virtual Tour
Hazelwood,MO 63042
Key Details
Property Type Multi-Family
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 25016936
HOA Fees $1,419/mo
Year Built 1966
Building Age 59
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
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
Acceptable Financing Cash Only,Conventional,Owner May Finance
Listing Terms Cash Only,Conventional,Owner May Finance
Special Listing Condition Other,None