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:
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.
101 S. Hanley Rd., Suite #550
St. Louis, MO 63105
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