Residential Land with Home for Sale in Hazelwood, Missouri
6947 Midwood Ave Hazelwood, MO 63042
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
Property details
- County
- Saint Louis County
- Community
- Frostwood 6
- School District
- Ferguson-Florissant R-II
- Elevation
- 597 feet
- MLS Number
- MARIS 24062040
- Date Posted
Legal description
FROSTWOOD PLAT 6 LOT 183
Parcels
- 10J-42-0253
Property taxes
- 2023
- $15,397
Detailed attributes
Listing
- Type
- Residential
- Subtype
- Single Family Residence
Structure
- Stories
- 1
- Materials
- Vinyl Siding
- Heating
- Forced Air
Exterior
- Parking Spots
- 12
- Parking
- Carport, Covered, Garage, Off Street
Interior
- Room Count
- 62
- Rooms
- Bathroom x 5, Bedroom x 5
- Appliances
- Dishwasher, Gas Oven, Microwave, Range, Refrigerator, Washer
- Features
- Carpets, Some Wood Floors, Walk-In Closet(s)
Nearby schools
Name | Level | District | Description |
---|---|---|---|
Wedgwood Elem. | Elementary | Ferguson-Florissant R-II | — |
Ferguson Middle | Middle | Ferguson-Florissant R-II | — |
McCluer High | High | Ferguson-Florissant R-II | — |
Listing history
Date | Event | Price | Change | Source |
---|---|---|---|---|
Oct 24, 2024 | Under contract | $1,195,000 | — | MARIS |
Oct 4, 2024 | New listing | $1,195,000 | — | MARIS |