6310-6312 Raytown Rd - Apartments FOR SALE


Raytown, MO 64133
$495,000 USD
913-426-5576
6310-6312 Raytown Rd, Raytown, MO for Sale
$495,000 USD
Apartments - FOR SALE
1/19
null | Request Cap Rate

6310-6312 Raytown Rd
Raytown, MO 64133


HIGHLIGHTS

  • On-site Laundry & Parking
  • 100% Occupied
  • Diverse Unit Mix
  • Several Additional Income Streams – Garage, Laundry, Parking
  • Renovated Units Achieve a $200/mo Rental Premium

OVERVIEW

Solid 6-unit apartment building in centrally located Raytown, Missouri, featuring a diverse mix of 3 Bed/2 Bed/1 Bed & studio units. These units are 100% occupied by market rate tenants. The property has independent heating and cooling in each unit, fully sub-metered utilities (except water), and on-site laundry plus ample parking. A large 8+ car garage provides excellent additional storage that can be leased out for extra income, and the roof is only ~6 years old. Three of the units are recently renovated and achieving a $200/mo premium over units with classic finishes. The new owner has a value-add opportunity as units turn over with cosmetic updates. The current property manager has already begun charging utility fees to offset the landlord paid water and trash bill. With strong in-place cash flow, low vacancy risk, and future upside through renovations and storage leasing, this is a light-value-add play in a submarket with great tenant demand. Ideal for investors seeking dependable income today and meaningful equity growth tomorrow.

FOR SALE DETAILS

PRICE

$495,000 USD

PRICE/SF

$83 USD /SF

# OF UNITS

6

PRICE/UNIT

$82,500

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Raytown Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1930

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,743 SF

ZONING

MF

APN/PARCEL ID

45-240-08-14-00-0-00-000

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 Notice.