4880-5015 Queen Ridge Ave - Apartments FOR SALE


Kansas City, MO 64136- Country Valley-Hawthorn Square
$10,000,000 USD
913-214-6445
4880-5015 Queen Ridge Ave, Kansas City, MO for Sale
$10,000,000 USD
Apartments - FOR SALE
1/24
null | 5.95% Cap Rate

4880-5015 Queen Ridge Ave
Kansas City, MO 64136
Country Valley-Hawthorn Square


HIGHLIGHTS

  • Partially renovated interiors
  • New LVT (vinyl plank) flooring and carpet
  • Central heat and air conditioning
  • in-unit washer/dryer hookups
  • attached two car garage
  • private patio/deck

OVERVIEW

Orchard Townhomes is a unique opportunity to acquire 50 townhome units spread across 25 duplex-style buildings on East 50th Terrace, Queen Ridge Avenue, and Breckenridge Avenue in Kansas City, MO (64136).? The property offers a mix of 2 bed/1.5 bath, 2 bed/1 bath, and 3 bed/2 bath floorplans (majority 3 bed/2 bath) averaging 1,285 SF; large for the submarket.? Each unit includes washer/dryer hookups, central heating and cooling, and a two-car garage.? Utilities are individually metered and paid directly by tenants, lowering owner expenses.? The duplex building/individual parceled layout supports multiple exit strategies, including the potential for individual building sales down the road.? Orchard townhomes sits within the Independence submarket of the KC metro.? Residents have easy access to the Truman Sports Complex (home of the Chiefs & Royals) and the broader KC metro via I-70 and I-470.? The property has been remarkably stable, with occupancy never dropping below 96%.? Rents still have room to grow, the property's $1,545 average rent sits well below comparable renovated 3BR/2BA product in nearby Blue Springs ($1,650-$2,150/mo), with virtually no new competing supply in the immediate submarket, this is a rare combination of proven stability today and real upside tomorrow!

FOR SALE DETAILS

PRICE

$10,000,000 USD

PRICE/SF

$156 USD /SF

# OF UNITS

50

PRICE/UNIT

$200,000

CAP RATE

5.95%

% LEASED

96%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Orchard on Queen Ridge

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2008

PARKING SPACES

100

LAND DETAILS

LAND ACRES

8.64 AC

LAND SF

376,358 SF

ZONING

R-1.5

APN/PARCEL ID

33-640-04-08-00-0-00-000,33-640-05-02-00-0-00-000,33-640-05-05-00-0-00-000,33-640-05-08-00-0-00-000,33-640-05-11-00-0-00-000,33-640-05-14-00-0-00-000,33-640-05-17-00-0-00-000,33-640-05-19-00-0-00-000,33-640-05-22-00-0-00-000,33-640-06-34-00-0-00-000,33-640-06-37-00-0-00-000,33-640-06-43-00-0-00-000,33-640-06-46-00-0-00-000,33-640-06-49-00-0-00-000

ASK ABOUT THIS PROPERTY

Jay Ruf Jr.Peak Real Estate PartnersMore Info
913-214-6445

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Jay Ruf Jr.Peak Real Estate PartnersMore Info
913-214-6445

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