3005-3033 S Shrank Cir - Apartments FOR SALE


Independence, MO 64055- Glendale
$3,800,000 USD
913-207-8000
3005-3033 S Shrank Cir, Independence, MO for Sale
$3,800,000 USD
Apartments - FOR SALE
1/75
null | 5.06% Cap Rate

3005-3033 S Shrank Cir
Independence, MO 64055
Glendale


HIGHLIGHTS

  • 3 Br/ 2.5 Bath. Spacious units, 2 car garages, most units were updated during the years, 100% occupancy, once lower rents catch up we show 5.3 Cap

OVERVIEW

5 Cap offering, upon all rents reaching the market it will be 6 cap+ 1. A Recent Vacancy was leased in 2 weeks at $1700. The seller may consider selling one unit, one building, or all units. 3 Bed 2.5 Bath units, Property is for sale as is, where is. This property has great upside, as soon as the leases reach the market rent levels this year, the CAP Rate will be over 6 The 3-unit building and one duplex had brand-new roofs installed in late spring last year. The seller prefers cash sales and will look at all offers. 100% leased, the tenants pay all their utilities. The rents are below market, we believe $1700 is the lower end of the rental market for this size of unit in the metro area Please contact me for financial information. Moshiri 913-207-8000 or email me: mhomi@aol.com. Please note, if you like more information please provide detailed information about the buyer, and the buyer's ability to purchase and manage. Thank you.

FOR SALE DETAILS

PRICE

$3,800,000 USD

PRICE/SF

$141 USD /SF

# OF UNITS

15

PRICE/UNIT

$253,333

CAP RATE

5.06%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2002

PARKING SPACES

49

LAND DETAILS

LAND ACRES

0.62 AC

LAND SF

26,840 SF

ZONING

-

APN/PARCEL ID

25-910-11-01-01-3-00-000,25-910-11-01-01-4-00-000,25-910-11-04-00-0-00-000,25-910-11-05-00-0-00-000,25-910-11-06-00-0-00-000,25-910-11-07-00-0-00-000,25-910-11-08-00-0-00-000,25-910-11-09-00-0-00-000,25-910-11-10-00-0-00-000,25-910-11-11-00-0-00-000,25-910-11-12-00-0-00-000,25-910-11-13-00-0-00-000

ASK ABOUT THIS PROPERTY

Homi MoshiriMoshiri Realty CompanyMore Info
913-207-8000

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Homi MoshiriMoshiri Realty CompanyMore Info
913-207-8000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.