7411 Sieloff Drive H, Hazelwood, MO 63042

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$420,000

bedrooms

bathrooms

square feet

5,722

Acreage

0.072

Open Houses

year built

1966

Full Baths

Half Baths

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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.

Location
Subdivision	Hazelcrest Iii Condo
County	St Louis
Elementary School	Combs Elem.
Middle School	Cross Keys Middle
High School	Mccluer North High

Driving directions

Open houses

None scheduled.

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MLS number: 25016936

Listing agent: Matthew Guignon #2018041115

Listing broker: Invest St. Louis (314) 255-5117

Last update: Tuesday, March 25 2025 at 4:23 p.m. EDT

Kotohomes National