7403 Olian (package of three), Hazelwood, MO 63042
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7403 Olian (package of three), Hazelwood, MO 63042
7403 Olian (package of three), Hazelwood, MO 63042
7403 Olian (package of three), Hazelwood, MO 63042
7403 Olian (package of three), Hazelwood, MO 63042

$900,000

Est. payment /mo

$950,000

5.3%
Est.Price: ?

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7403 Olian (package of three) Hazelwood, MO 63042

10,488 SqFt

SOLD DATE : 04/13/2023

Key Details

Sold Price $900,000

Property Type Multi-Family

Sub Type 5 Family or More

Listing Status Sold

Purchase Type For Sale

Square Footage 10,488 sqft

Price per Sqft $85

Subdivision Elm Grove Lane 1

MLS Listing ID 23011906

Sold Date 04/13/23

Style Low/1-2

HOA Fees $86/ann

Year Built 1958

Annual Tax Amount $7,235

Lot Size 0.770 Acres

Acres 0.77

Lot Dimensions IRR - 3 parcels

Property Sub-Type 5 Family or More

Property Description

These three turnkey buildings are a breeze to rent! They each feature four units with 2-beds, 1-bath, LR, DR. Renovations include kitchens, baths, appliances, cabinets, new and resurfaced floors, new furnaces, and new energy efficient windows. Flooring is mostly hardwood or wood laminate (some carpet), and tile in the bathrooms/kitchens. The buildings have newer roofs and condenser units. Storage units, laundry hookup, and reserved off-street parking spots for each unit make for happy residents. Electric panels are Federal Pacific. Tenants pay electric and gas. Owner pays sewer, water, trash, lawn/snow, and maintenance. With current rents (avg. 745) and a proven pro-forma rent for vacant unit these properties are at a 7.68% cap rate at asking price. Manage yourself or factor in a PM for convenience. Rentometer indicates plenty of room to grow rents. Addresses are 7401 Olian, 7403 Olian, and 7408 Burcke. Available individually at MLS #23011914, #23011913, #23011952 Show 7403 Olian #A.

Location

State MO

County St. Louis

Area 48 - Hazelwood West

Interior

Heating Natural Gas, Forced Air

Cooling Central Air, Electric

Fireplace N

Appliance Gas Water Heater

Laundry In Unit

Exterior

Parking Features false

View Y/N No

Building

Sewer Public Sewer

Water Public

Structure Type Brick

Schools

Elementary Schools Mcnair Elem.

Middle Schools Northwest Middle

High Schools Hazelwood West High

School District Hazelwood

Others

Ownership Private

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Special Listing Condition Standard

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Listed by Tammy K Derrigan • Radius Realty
Bought with DustinWalsh

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