$900,000
$950,000
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7403 Olian (package of three) Hazelwood, MO 63042
10,488 SqFt
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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