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Hazelwood Forest

168 Units Total

St Louis MO Area

The Opportunity

Berkadia is pleased to offer the exclusive opportunity to acquire Hazelwood Forest, a 168-unit multifamily community located in St. Louis County, specifically Hazelwood, Missouri. This property, built in 1974, provides an investor with excellent value-add potential.

Hazelwood Forest is situated on 11.59 acres of beautifully landscaped grounds and enjoys a historically stable occupancy of 97%. The property is located in the AAA-rated Hazelwood School District. There are also two large universities nearby including University of Missouri-St. Louis and Florissant Valley Community College.

There is value-add potential through interior unit upgrades, implementation of a resident utility billing system and installing washer/dryer in all units (which already have connections) to obtain a rent premium.

In recent years, the owner has completed several notable capital expenditures including new vinyl siding (December 2016), TPO roofs (6 replaced in 2013, 1 from prior ownership), new windows (December 2016), new gutters at breezeways (2016), and new downspouts (2016)

The surrounding area is a major employment hub, including major corporate offices such as:

  • Boeing’s Defense Headquarters
  • Lambert St. Louis International Airport
  • Emerson Electric World Headquarters
  • IBM
  • Express Scripts World Headquarters

Please do not disturb tenants or management. Management is not aware of the sale. All tours must be scheduled through the Seller’s representatives, Andrea Kendrick and Ken Aston.

Investment Highlights

  • Value-Add Opportunity
  • Offered Free and Clear of Any Debt
  • AAA-Rated Hazelwood Schools
  • Close to Major Employment: Boeing Defense HQ, Express Scripts World HQ, Emerson Electric World HQ
  • Minutes to Lambert St. Louis International Airport
  • Excellent Access to I-270, I-170, I-70

THE PROPERTY

UNIT Amenities

  • Central Air Conditioning / Heating
  • Cable / Internet
  • Fully Equipped All Electric Kitchen
  • Washer / Dryer Connections in Every Unit
  • Private Patio or Balcony
  • Walk-In Closets
  • Custom Blinds

COMMUNITY Amenities

  • Sparkling Swimming Pool
  • Well-Maintained Courtyard
  • Laundry Facilities
  • Park - Like Setting
  • Very Close to Public Transportation
  • AAA-Rated Hazelwood School District
  • Beautiful Clubhouse with Fireplace, Billiards Room, and Conversation Area
  • Package Service
  • Excellent Access to Interstates
  • Near Major Employment Hub

THE LOCATION

ECONOMIC SNAPSHOT

CONTACT US

Investment Advisors

KEN ASTON

Managing Director

ken.aston@berkadia.com

314.984.5590

ANDREA KENDRICK

Senior Director

andrea.kendrick@berkadia.com

314.984.5591

ST. LOUIS OFFICE

101 S. Hanley Rd., Suite #550

St. Louis, MO 63105

Phone: 314.984.5500

Berkadia.com

Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry.   This advertisement is not intended to solicit commercial mortgage loan brokerage business in Nevada. 

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