7411 Sieloff DR #H Hazelwood, MO 63042
5,722 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 5 Family or More
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
Lot Size 3,136 Sqft
Acres 0.072
Lot Dimensions 565x1266x431x59x58x182x82x1514
Property Sub-Type 5 Family or More
Property Description
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 5 - North
Interior
Heating Baseboard, Electric
Cooling Window Unit(s)
Fireplace N
Appliance Electric Water Heater
Laundry Other, Common Area
Exterior
Parking Features false
Building
Sewer Public Sewer
Water Public
Architectural Style Low/1-2
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
Ownership Private
Acceptable Financing Cash, Conventional, Owner May Carry
Listing Terms Cash, Conventional, Owner May Carry
Special Listing Condition Standard