Contact Us
Details
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.PROPERTY FEATURES
PROPERTY DETAILS
Street Address: 7411 Sieloff Drive
City: Hazelwood
State: Missouri
Postal Code: 63042
County: St. Louis
MLS Number: MAR25016936
Year Built: 1966
Courtesy of Invest St. Louis
City: Hazelwood
State: Missouri
Postal Code: 63042
County: St. Louis
MLS Number: MAR25016936
Year Built: 1966
Courtesy of Invest St. Louis
Courtesy of STL Buy & Sell, LLC
