Calling all investors! Commercial 5 plex up north great investment in a great area. 2 studio apartments. 1 bath. 2, 1 bedroom. 1bath. 1, 2 bedroom. 2 bath. Close to shopping area, off-street concrete parking, some storage, separate electric meters and has a Huge Green Space. Offering a 6% cap rate. Great 1031 exchange property. Investors to make offers contingent upon inspections as to not to disturb tenants. Unit 1a. $679 (under rented) Unit 2b vacant 1/1 $799 have rental application for new tenant. Unit 3c 2-1 rented for $850 Unit 4d 2-1 rented $800 Unit 5b 2-2 $875 rented Total rent $4,003 a month $48,036 gross annual income x .70 for leaves 30% for expenses, net income 33625/ 5000 is a 6% cap. Seller is a licensed salesperson in Missouri.
But Brand new construction townhomes with little or no money down at closing through Developer/Builder equity program. Construction starting mid June, and completing final unit of the 19 units in Spring 2024. Can't find this kind of quality construction and asset at a 6.9% cap rate anywhere, yet here it is. Discounts provided in such a way to be able to essentially gift equity so as to close on this asset with little or even $0 down through builder/owner equity structure. Contact us to see finished models, to review Proforma, and to hear how you can purchase with less than 25% down and possibly zero money left in the deal and get 25% equity free. Developer/Builder participates in the structure and together the parties create a BRRR method of investment in New Construction. inquire today to discuss
Kansas City is located in Missouri. Kansas City, Missouri has a population of 502,597. Kansas City is more family-centric than the surrounding county with 29% of the households containing married families with children. The county average for households married with children is 28.36%.
The median household income in Kansas City, Missouri is $60,042. 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 Kansas City is 35.4 years.
The average high temperature in July is 88.7 degrees, with an average low temperature in January of 20.1 degrees. The average rainfall is approximately 41.9 inches per year, with 14.5 inches of snow per year.