For more information regarding the value of a property, please contact us for a free consultation.
7401 Olian DR Hazelwood, MO 63042
Want to know what your home might be worth? Contact us for a FREE valuation!

Our team is ready to help you sell your home for the highest possible price ASAP
Key Details
Sold Price $300,000
Property Type Multi-Family
Sub Type Multi-Family 2-4
Listing Status Sold
Purchase Type For Sale
Square Footage 3,484 sqft
Price per Sqft $86
Subdivision Elm Grove Lane 1
MLS Listing ID 23011914
Sold Date 04/13/23
Construction Status 61
Year Built 1962
Building Age 61
Lot Size 10,206 Sqft
Acres 0.2343
Lot Dimensions 81x126
Property Description
This turnkey building is a breeze to rent! Each unit features a LR, DR, 2-beds, 1-bath. Three units have been updated, including kitchens, bathrooms, appliances, cabinets, new & resurfaced floors, some furnaces. Flooring is hardwood, wood laminate, some carpet, tile in the bathrooms/kitchens. Partially updated stacks, some newer water heaters, some newer furnaces. Storage units, laundry hookups, and two reserved parking spots per unit. Electric panels are Federal Pacific. Tenants pay electric and gas. Owner pays sewer, water, trash, lawn/snow, and maintenance. With current income/expenses, this is a 7.11% cap rate at asking price. Manage yourself or factor in a management fee for convenience. Rentometer indicates plenty of room to grow rents. It appears taxes are higher than some neighbors; it may be worth appealing the taxes to improve overall financial performance. Fully occupied. Also available with two other 4-families as a package under MLS#23011906.
Location
State MO
County St Louis
Area Hazelwood West
Interior
Heating Forced Air
Cooling Electric
Fireplace N
Appliance Some Refrigerator(s), Some Range Oven(s), Some Smoke Alarm(s)
Exterior
Parking Type More Than 1 Spc/Unit, Off Street
Building
Sewer Public Sewer
Water Public
Structure Type Brick
Construction Status 61
Schools
Elementary Schools Mcnair Elem.
Middle Schools Northwest Middle
High Schools Hazelwood West High
School District Hazelwood
Others
Ownership Private
Acceptable Financing Cash Only, Conventional, Exchange
Listing Terms Cash Only, Conventional, Exchange
Special Listing Condition None
Read Less
Bought with Dustin Walsh
GET MORE INFORMATION
