7446 Sieloff Dr - Apartments FOR SALE


Hazelwood, MO 63042
$420,000 USD
314-707-8314
7446 Sieloff Dr, Hazelwood, MO for Sale
$420,000 USD
Apartments - FOR SALE
1/21
null | 10.06% Cap Rate

7446 Sieloff Dr
Hazelwood, MO 63042


OVERVIEW

This portfolio features seven diligently maintained condos across 6 buildings 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 is $5,325, totaling $63,900 annually, while the current annual expenses stand at $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. Additionally, 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 dedicated off-street parking, in-unit or on-site laundry, and cost-effective all-electric utilities, covering water, trash, and gas expenses. Major employers like Amazon and Boeing are located within close proximity to the condos.

FOR SALE DETAILS

PRICE

$420,000 USD

PRICE/SF

$16 USD /SF

# OF UNITS

7

PRICE/UNIT

$60,000

CAP RATE

10.06%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1966

PARKING SPACES

-

LAND DETAILS

LAND ACRES

17.08 AC

LAND SF

744,038 SF

ZONING

-

APN/PARCEL ID

09K-61-0035

ASK ABOUT THIS PROPERTY

Matt GuignonInvest St. Louis, LLCMore Info
314-707-8314

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Matt GuignonInvest St. Louis, LLCMore Info
314-707-8314

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.