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Home For Sale

Picture of Home For Sale in Grandview, Missouri, United States

$3,990,000

6202 E 129th St
Grandview, Missouri, United States

Listed By: Realtyww Info

Listed On: 06/17/2023

Listing ID: GL10031088 View More Details

Description

Introducing an exceptional opportunity to own a package of 25 well-located and cash-flowing rental units in the Kansas City metro area, offering a lucrative investment opportunity with multiple exit strategies for the new owner. The package consists of 22 townhomes, one single family home, one condo, and one half-duplex. 100% occupied, almost all of the units are 3 bedrooms appealing to a stable, long term tenant base. The average rent across the entire portfolio is $1337 per month which is still under market by several hundred a month. Many of the properties have month to month leases allowing the new owner to increase rents to market quickly. Currently managed by a 3rd party property manager, this package offers cash flow, appreciation and will be easy to own. Properties are grouped geographically in great areas like Grandview, Lenexa, Olathe, and Blue Springs. Each townhome in the package is well-maintained and already upgraded to appeal to modern tenants. They feature spacious layouts, stylish finishes, and desirable amenities such as updated kitchens, multiple bathrooms, private garages or parking spaces, in-unit laundry facilities, and outdoor spaces in the form of patios and/or balconies. Tenants pay for all utilities, keeping costs and hassles low for the owner.

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Listed by: Lutz Sales Investments
Source: The World Property Journal

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