7411 Sieloff Drive H, Hazelwood, MO 63042
Multi-Family Home 
Built in 1966 
3,136sqft lot
—— car garage 
$——/sqft 
Listed 3 months ago
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.
- Listing Status:
- Active
- Listing Office:
- Invest St. Louis : 3256201
- MLS ID:
- 25016936
- Laundry: Coin OperatedCommon Laundry
- A/C: Window Unit(s)
- Heating: Baseboard
This listing courtesy of Invest St. Louis
Monthly Payment
- Principal & Interest $
- Property Taxes $
- Home Insurance $
- VA Funding Fee $
Location
Schools Nearby
Duchesne Primary School
100 S Florissant Rd, Florissant, MO, 63031
Grades PK-2
0.95 miles away
Cross Keys Middle School
14205 Cougar Dr, Florissant, MO, 63033
Grades 7-8
2.77 miles away
McCluer North High School
705 Waterford Dr, Florissant, MO, 63033
Grades 9-12
2.04 miles away
