Courtesy: RE/MAX LEGACY
Sally Burns
816-694-2951
Opportunity to acquire a fully occupied, 9-unit building in the south KC suburb of Grandview priced under $79k per unit. This is a terrific property to add to your investment portfolio. Sitting on a spacious 18,575 sq/ft lot, this building offers 9 dedicated parking spaces, and separately metered utilities - including gas, electric, and water. Common laundry is located in the expansive lover level which has space for tenant storage. Recent capital expenditures include new furnaces and hot water heaters in 2020, along with cosmetic updates in most units. Many of the leases are currently below market rent, providing buyer with a great opportunity to increase rental rates and maximize returns with minimal capital expenditure. This would be a great property for HUD tenants with 2024 fair market rent of $1,098 for 1 bedroom units. See supplements for details.
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Grandview is located in Missouri. Grandview, Missouri has a population of 25,931. Grandview is less family-centric than the surrounding county with 24.96% of the households containing married families with children. The county average for households married with children is 28.36%.
The median household income in Grandview, Missouri is $48,233. The median household income for the surrounding county is $60,800 compared to the national median of $69,021. The median age of people living in Grandview is 36.8 years.
The average high temperature in July is 87.7 degrees, with an average low temperature in January of 20.2 degrees. The average rainfall is approximately 43.1 inches per year, with 13.4 inches of snow per year.
