Residential Land with Home for Sale in Hazelwood, Missouri

6947 Midwood Ave Hazelwood, MO 63042

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$1,195,000
2.17 acres
pending saleUnder contract

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

11,319
Sq feet
38
Beds
13
Full baths
1954
Built

Property details

Coordinates
38.7661, -90.3262
Community
Frostwood 6
School District
Ferguson-Florissant R-II
Elevation
597 feet
MLS Number
MARIS 24062040
Date Posted

Legal description

Parcels

  • 10J-42-0253

Property taxes

2023
$15,397

This 2.17-acre property is located at 6947 Midwood Ave in Hazelwood, MO 63042 with latitude 38.7661 and longitude -90.3262. The property is currently pending sale for $1,195,000. It has a 11,319 sq ft 38 bedroom, 13 bath house built in 1954. Listing data is sourced from MARIS # 24062040.

Verify sale details at the property source or contact Invest St. Louis at (314) 255-5117.

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Updated . Checked 2 hours ago. Parcel data by Regrid.

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