7298 N Hanley Rd - Multi-Family FOR SALE


Hazelwood, MO 63042
$2,975,000 USD
314-208-2395
7298 N Hanley Rd, Hazelwood, MO for Sale
$2,975,000 USD
Multi-Family - FOR SALE
1/12
null | 8.03% Cap Rate

7298 N Hanley Rd
Hazelwood, MO 63042


HIGHLIGHTS

  • 32 Townhomes + 3 Apartments
  • All Townhomes 2 Bed 1.5 Bath Layouts
  • Value Add Opportunities
  • In-Unit Washer and Dryer
  • 100% Occupancy

OVERVIEW

This substantial multi-building asset represents a premier opportunity to acquire a stabilized community with a consistent track record of operational success. Spanning nearly 10 acres, the property features a high-density mix of garden-style units and expansive multi-level floor plans, all anchored by durable brick construction. The current configuration is designed for efficiency and longevity, offering a robust foundation for an owner looking to secure a large-scale footprint in a high-demand corridor. The true value of this property lies in its immense upside and value-add potential. With units in a well-maintained, classic condition, new ownership has a clear path to rent growth through targeted interior upgrades and modernized finishes. Each unit is already equipped with high-value features like full private basements, dedicated utility spaces, and private outdoor areas—amenities that provide a competitive edge in the local market. This is a turnkey acquisition positioned for immediate optimization and long-term equity appreciation.

FOR SALE DETAILS

PRICE

$2,975,000 USD

PRICE/SF

$60 USD /SF

# OF UNITS

35

PRICE/UNIT

$85,000

CAP RATE

8.03%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Morningside Apartments

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1967

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

80E

APN/PARCEL ID

09K-32-4222

ASK ABOUT THIS PROPERTY

Matthew MillslagleSalient Realty Group LLCMore Info
314-208-2395

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Matthew MillslagleSalient Realty Group LLCMore Info
314-208-2395

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.