8404 Sterling Ave - Multi-Family FOR SALE


Raytown, MO 64138
$289,000 USD
913-426-5576
8404 Sterling Ave, Raytown, MO for Sale
$289,000 USD
Multi-Family - FOR SALE
1/12
null | Request Cap Rate

8404 Sterling Ave
Raytown, MO 64138


HIGHLIGHTS

  • Fully Renovated Duplex
  • 100% Occupied
  • Submetered Utilities
  • Turnkey Cash Flow in a Stable Blue-collar Raytown Location

OVERVIEW

Fully Renovated Duplex in Raytown, Missouri. Built in 1970, this 100% occupied property features two updated 3 Bed/1.5 Bath units, each with garage, storage space, brand new gutters and siding. Current rents: $1,250/mo and $1,165/mo (market rents $1,620/mo). All utilities submetered and paid by tenants. Located in the Raytown School District near Raytown South High School and top employers including Saint Luke’s Health System, Cerner (Oracle Health), and Truman Medical Centers. Easy access to I-470 and I-70 for quick commuting to Kansas City. Solid investment with strong rental history.

FOR SALE DETAILS

PRICE

$289,000 USD

PRICE/SF

$163 USD /SF

# OF UNITS

2

PRICE/UNIT

$144,500

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sterling Duplex

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

1,970 SF

ZONING

-

APN/PARCEL ID

50-110-03-34-00-0-00-000

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.