$795,000
$1,195,000
33.5%For more information regarding the value of a property, please contact us for a free consultation.
6947 Midwood AVE Hazelwood, MO 63042
38 Beds
13 Baths
11,319 SqFt
Key Details
Sold Price $795,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 11,319 sqft
Price per Sqft $70
Subdivision Frostwood 6
MLS Listing ID 24062040
Sold Date 11/14/24
Style Traditional,Other
Bedrooms 38
Full Baths 13
Year Built 1954
Annual Tax Amount $15,397
Lot Size 2.172 Acres
Acres 2.172
Lot Dimensions 100x100
Property Sub-Type Single Family Residence
Property Description
Rare opportunity to acquire portfolio of 12 single-family homes providing an excellent blend of stability, income, and future upside potential. Each home features a minimum of 3 bedrooms and 1 bathroom, with one home 5 bedrooms and 2 bathrooms. 11 of the 12 homes are currently leased to qualified tenants, ensuring immediate and consistent rental income from day one. The current owners have invested approximately $180k into capital improvements and updates since 2022. A savvy investor could continue leasing these homes for years, capitalizing on steady income, and then sell individual properties to owner-occupants at a premium for top dollar. Significant upside exists by increasing rents to the market value, potentially boosting gross monthly income to over $10,000. This presents a compelling value-add opportunity for investors looking to optimize returns. Seller will be reviewing offers October 8th at 12:00pm. Please include a response time of October 9th at 12:00pm. Duplicate 24062247
Location
State MO
County St. Louis
Area 63 - Mccluer
Rooms
Basement Full
Main Level Bedrooms 38
Interior
Interior Features Dining/Living Room Combo, Kitchen/Dining Room Combo, Walk-In Closet(s)
Heating Forced Air, Natural Gas
Cooling Gas, Central Air
Flooring Carpet, Hardwood
Fireplace Y
Appliance Gas Water Heater, Dishwasher, Microwave, Range Hood, Gas Range, Gas Oven, Refrigerator
Exterior
Parking Features true
Garage Spaces 3.0
View Y/N No
Building
Story 1
Sewer Public Sewer
Water Public
Level or Stories One
Structure Type Stone Veneer,Brick Veneer,Vinyl Siding
Schools
Elementary Schools Wedgwood Elem.
Middle Schools Ferguson Middle
High Schools Mccluer High
School District Ferguson-Florissant R-Ii
Others
Ownership Private
Acceptable Financing Cash, Conventional, Other
Listing Terms Cash, Conventional, Other
Special Listing Condition Standard
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Bought with Ted Gottlieb
