7596 Hazelcrest Drive #A
Hazelwood, MO 63042

Investment opportunity featuring seven well-maintained condos in Hazelwood generating $70,800 in annual rental income based on in-place rents, with a cap rate of 8.9%. Additionally, there is the potential for even higher net income as the units are currently rented below market rates with scheduled rent increases planned. The condos offer a mix of unit types, including 3 studios, 1 one-bedroom, 2 two-bedroom, and 1 three-bedroom. With high demand, these units consistently attract multiple rental applications. Property maintenance is hassle-free with the condo association handling all exterior repairs, landscaping, and parking areas. Amenities include dedicated off-street parking, in-unit or on-site laundry, and cost-effective all-electric utilities, covering water, trash, and gas expenses. The condos are located near major employers like Amazon and Boeing. The condos are located near each other in 5 different buildings with 6 condos in one association and the 7th in another.