312 2nd St - Apartments FOR SALE


Platte City, MO 64079
$1,550,000 USD
913-426-5576
312 2nd St, Platte City, MO for Sale
$1,550,000 USD
Apartments - FOR SALE
1/14
null | Request Cap Rate

312 2nd St
Platte City, MO 64079


HIGHLIGHTS

  • 1985 Construction
  • On-site Laundry Facility
  • Dedicated Parking Lot
  • Quiet Location in Charming Platte City
  • Proximity to Airport and Whole Kansas City Metro

OVERVIEW

Discover modern, comfortable living at The Valley Apartments in the heart of Platte City! This well-maintained building, built in 1985, features 20 cozy studio apartments across two buildings, offering style, convenience, and a prime location. Platte City is located just north of Kansas City International Airport, and offers easy access to metropolitan amenities while maintaining a small-town charm. This submarket has experienced a notable population increase of 24.5% since 2000 and exhibits strong economic and population growth and development. 35 projects, attracting over $10.5 billion in potential investments and more than 11,000 jobs have been in development in the previous 24 months including the Platte International Commerce Center a 155-acre logistic and distribution park. Platte City is also strategically located near the Northland and exciting new projects such as the Meta Data Center taking place nearby. Residents enjoy updated appliances, open layouts, efficient PTAC heating and cooling units, on-site laundry, and convenient dedicated parking lot. Tenants pay electric, while landlord pays water and trash and offsets with a small utility fee paid by tenants. With its updated features, spacious living areas, and fantastic Platte City location, The Valley Apartments is the ideal place for tenants to call home and a great buy for investors seeking a hassle-free investment at a great price per door.

FOR SALE DETAILS

PRICE

$1,550,000 USD

PRICE/SF

$51 USD /SF

# OF UNITS

20

PRICE/UNIT

$77,500

CAP RATE

Request Cap Rate

% LEASED

90%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Valley Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1985

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.84 AC

LAND SF

80,170 SF

ZONING

R2

APN/PARCEL ID

13-70-25-300-003-003-000,13-70-25-300-003-004-000,13-70-25-300-003-005-000,13-70-25-300-003-006-000

ASK ABOUT THIS PROPERTY

Michelle LutzLutz Sales + InvestmentsMore Info
913-426-5576

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Michelle LutzLutz Sales + InvestmentsMore Info
913-426-5576

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