M
Seller's Agent in 2025
Matt Guignon
Invest St. Louis
(314) 707-8314
2 in this area
27 Total Sales
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.
Last Agent to Sell the Property
Invest St. Louis License #2018041115 Listed on: 03/25/2025
Date | Type | Sale Price | Title Company |
---|---|---|---|
Warranty Deed | $39,000 | -- |
Date | Status | Loan Amount | Loan Type |
---|---|---|---|
Previous Owner | $36,500 | Unknown |
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
09/11/2025 09/11/25 | Sold | -- | -- | -- |
07/25/2025 07/25/25 | Pending | -- | -- | -- |
03/25/2025 03/25/25 | For Sale | $420,000 | -- | $73 / Sq Ft |
03/20/2025 03/20/25 | Off Market | -- | -- | -- |
Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
---|---|---|---|---|
2024 | $632 | $9,130 | $670 | $8,460 |
2023 | $632 | $9,130 | $670 | $8,460 |
2022 | $475 | $5,990 | $590 | $5,400 |
2021 | $472 | $5,990 | $590 | $5,400 |
2020 | $464 | $5,510 | $590 | $4,920 |
2019 | $451 | $5,510 | $590 | $4,920 |
2018 | $440 | $4,840 | $720 | $4,120 |
2017 | $438 | $4,840 | $720 | $4,120 |
2016 | $338 | $3,650 | $510 | $3,140 |
2015 | $340 | $3,650 | $510 | $3,140 |
2014 | $330 | $3,520 | $1,050 | $2,470 |
M
Seller's Agent in 2025
Matt Guignon
Invest St. Louis
(314) 707-8314
2 in this area
27 Total Sales
Buyer's Agent in 2025
Lena Holmes
Robin's Nest Realty
(314) 503-5631
1 in this area
8 Total Sales
Source: MARIS MLS
MLS Number: MIS25016936
APN: 09K-61-1377