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449 Olian Dr
Hazelwood, MO 63042
Multifamily Property For Sale
·
3648 Units
Property Facts
| No. Units | 3648 | Lot Size | 0.28 AC |
| Property Type | Multifamily | Building Size | 8,080 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Low-Rise | No. Stories | 3 |
| Building Class | C | Year Built | 1970 |
| Zoning | Residential | ||
| No. Units | 3648 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.28 AC |
| Building Size | 8,080 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1970 |
| Zoning | Residential |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Washer/Dryer Hookup
- Heating
- Refrigerator
- Oven
- Basement
- Freezer
About 449 OLIAN DR , HAZELWOOD, MO 63042
449-463 Olian - Well maintained side by side 4 fams with large 1,000 sq ft, 2bd 1.5bth town-home units located in a quiet subdivision in Hazelwood West sch dist. Buildings are fully leased with gross rents of $6.5k a month and $78k annually. After expenses and vacancy the net annual income is $51k - a 8.4% cap rate. There is plenty of potential to raise rents. Current rents range from $775- $895, if the rents in all of the units were raised to $895 the buildings would generate an additional $660 a month and $7.9k a year for a net income of $55k creating a 9.1% cap rate. There are apartments one block away with the same layout that rent for $1,200 a month. These apartments are easy to rent with updated kitchens and baths, additional lower level family room, in unit laundry, off street parking with dedicated parking spot, newer windows throughout, newer roofs, some newer furnaces and condensers. There is a park with playground directly behind the buildings. Buildings to be sold together.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 3648 | $835.00 | 1,005 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $139,250 | |
| Land Assessment | $17,200 | Total Assessment | $156,450 |
Property Taxes
