NOT LISTED FOR SALE

7403 Olian (Package of Three) Hazelwood, MO 63042

24 Beds
-- Bath
10,488 Sq Ft
0.77 Acres

Last Sold April 13, 2023

30 Days on Market

Highlights

  • 0.77 Acre Lot
  • Breakfast Area or Nook
  • Brick or Stone Mason
  • Great Room
  • Formal Dining Room
  • Forced Air Heating and Cooling System

About This Home

As of April 2023

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.

Last Agent to Sell the Property

Tammy Derrigan

Worth Clark Realty License #2016008170 Listed on: 03/12/2023

Worth Clark Realty

Last Buyer's Agent

Dustin Walsh

Realty Executives Premiere License #2012006933

Realty Executives Premiere

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1958

Lot Details

  • 0.77

HOA Fees

  • $87 Monthly HOA Fees

Parking

  • Over 1 Space Per Unit

Home Design

  • Brick or Stone Mason

Interior Spaces

  • 10,488 Sq Ft Home
  • Great Room
  • Formal Dining Room
  • Fire and Smoke Detector
  • Laundry in unit

Kitchen

  • Breakfast Area or Nook
  • Oven or Range

Schools

  • Mcnair Elem. Elementary School
  • Northwest Middle School
  • Hazelwood West High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Gas Water Heater

Additional Features

  • 0.77 Acre Lot
  • City Lot

Listing and Financial Details

  • Tenant pays for cable tv/satellite, electric, gas
  • Assessor Parcel Number 08K-11-0040

Community Details

Overview

  • 3 Buildings
  • 12 Units
  • Low-Rise Condominium

Amenities

  • Community Storage Space

Property Details

Home Type

Apartment

Year Built

Built in 1958

Lot Details

0

HOA Fees

$87 per month

Listing Details

  • Sale Includes: Building & Land
  • Property Type: Multi-Family 5+
  • Type: Apt Bldg/Interior En
  • Cross Street: Burcke
  • Municipality Township: Hazelwood
  • Age: 65
  • Ownership: Private
  • Year Built: 1958
  • Directions: GPS friendly. Located in Hazelwood near City Hall in a quiet area with families and hardworking professionals. Nearby employers include Boeing, Monsanto, Lambert International Airport, Mallinckrodt, and bioMerieux.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Laundry: Prvt Laund all units
  • Square Footage: 10488

Exterior Features

  • Construction: Brick/Stone Msn Pred

Garage/Parking

  • Parking: 2+ Space/Unit

Utilities

  • Sewer: Public
  • Water: Public
  • Water Heater: Gas
  • Cooling: Central-Electric
  • Heating: Forced Air

Condo/Co-op/Association

  • Association Fee: 1040
  • Association Fee Frequency: Yearly

Schools

  • School District: Hazelwood
  • Elementary School: Mcnair Elem.
  • Middle School: Northwest Middle
  • High School: Hazelwood West High
  • Elementary School: Mcnair Elem.
  • Junior High School: Northwest Middle
  • School District: Hazelwood
  • Senior High School: Hazelwood West High

Lot Info

  • Lot Dimensions: IRR - 3 parcels
  • Lot Sq Ft: 33541
  • Location: City
  • Acres: 0.7700

Rental Info

  • Tenancy Type: Leases
  • Tenant Pays: Cable TV/Satellite, Electric, Gas

Multi Family

  • Building Info: Smoke/Alarm Detector, Storage/Locker Area
  • Building Number: 3
  • Gross Operating Income: 107220.00
  • Total Units: 12
  • Total Expenses: 34232.00

Tax Info

  • Taxes Paid: 7235
  • Assessor Parcel Number: 08K-11-0040

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/13/2023 04/13/23 Sold -- -- --
04/12/2023 04/12/23 Pending -- -- --
03/12/2023 03/12/23 For Sale $950,000 -- $91 / Sq Ft
Source: MARIS MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: MARIS MLS

MLS Number: MIS23011906

MARIS MLS