RARE Like NEW CONSTRUCTION 10 Unit On In KCMO!! No CapEX For YEARS!! As Turnkey As They Come!!
DESCRIPTION:
-Opportunity To Own A Unique Property Ideally Located With ZERO Capital Expenses For YEARS! This Property Has Been Painstakingly Renovated, Starting In 2022 With EVERYTHING Being Replaced! All Plans, Permits, Etc Were Properly Submitted & Approved!
-Each Units Has: Its Own Mini-Split With Heat Pump, Luxury Vinyl Flooring, Full Bathroom, And Small Kitchen Set-up. In Addition, Property Has A New R-13 Fire Suppression System And All Exterior Water Lines Replaced With 4" Lines. The Only Thing Original To The Property Is The Foundation!
-Property Sits On 0.63 FLAT Acres In BC3-2 Zoning, Which Allows For FURTHER EXPANSION In Residential, Commercial, Or Multi-Family!!
-The Location Of This Property Is IDEAL For Tenants...Right On A Bus Stop and Sits Right Across From: QuickTrip, Dollar General, Grocery Store, Gym, Goodwill, And Coffee Shop (Map Attached)!
-Property Can Be Delivered Vacant Or FULLY RENTED At $8000 / Month, Putting This Property At A Solid Cap Rate Of 10!! (Unheard Of For Essentially New Construction)
INVESTMENT CHALLENGES:
-Property Is Unique In It's Layout Perfect For: Sober Living Homes, Group Homes, Vouchers Who Need An Onsite Person, Etc.
-Since It Was Originally A Single Family Home, Each "Unit" Is Essentially A Bedroom With Full Bath, Its Own Mini-Split With Heat Pump & Thermostat, And A Common Area On The Main Floor.
-Property Sits On 0.63 FLAT Acres In BC3-2 Zoning, Which Allows For FURTHER EXPANSION In Residential, Comercial, Or Multi-Family!!
-The Location Of This Property Is IDEAL For Tenants...Right On A Bus Stop and Sits Right Across From: QuickTrip, Dollar General, Grocery Store, Gym, Goodwill, And Coffee Shop (Map Attached)!
-Property Can Be Delivered Vacant Or FULLY RENTED At $8000 / Month, Putting This Property At A Solid Cap Rate Of 8!!