Prime Location: Situated in one of the most desirable areas of the St. Louis metro region and centrally located near major highways, shopping, dining, and entertainment, this probably is also boasts close proximity to Downtown Clayton, Washington University, and Forest Park.

Strong Rental Demand: The area sees strong rental demand, with nearby two-bedroom units averaging $1,864 per month within a half-mile over the past year.

Well-Maintained Property: The property includes central HVAC, a recently updated roofline with new fascia and soffits, along with half of the windows recently replaced.

Spacious Units: Each 1,250 sq ft unit features an updated kitchen, spacious living and dining rooms, large bedrooms, and a three-season room at the rear of the building. A brick two-car garage and a generous backyard sit on a nearly 0.2-acre lot.

Ideal for Owner-Occupants: Ideal for owner-occupants seeking to live in one of St. Louis’ most desirable neighborhoods while offsetting housing costs by renting the other unit.

Flexible Exit Strategies: The property also offers versatile investment potential, including long-term rentals, short or mid-term furnished leasing. 

Virtual Tour: 7333a Lindell Blvd – https://bit.ly/7333a_Lindell

This portfolio features seven diligently maintained condos across 6 buildings 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 is $5,325, totaling $63,900 annually, while the current annual expenses stand at $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. Additionally, 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 dedicated off-street parking, in-unit or on-site laundry, and cost-effective all-electric utilities, covering water, trash, and gas expenses. Major employers like Amazon and Boeing are located within close proximity to the condos.