8492 Lane Dr - Apartments FOR SALE


Raytown, MO 64138
$1,848,000 USD
816-589-6071
8492 Lane Dr, Raytown, MO for Sale
$1,848,000 USD
Apartments - FOR SALE
1/12
null | Request Cap Rate

8492 Lane Dr
Raytown, MO 64138


HIGHLIGHTS

  • Two-story multifamily property situated on a 0.6-acre parcel in Raytown.
  • Approximately 9,930 square feet offering flexible configuration potential.
  • Located near Highway 350 with convenient access to I-435 and metro Kansas City employment centers.
  • Surrounded by neighborhood services, parks, schools, and retail amenities within minutes.
  • Strong opportunity for value-add upgrades to maximize rental income.
  • Positioned within a stable submarket attractive to both local and regional investors.

OVERVIEW

This multifamily asset in Raytown, Missouri, offers an established structure on a 0.6-acre lot in a residential neighborhood. Built in 1975, the property spans nearly 9,930 square feet across two stories, providing a solid base for repositioning or modernization to increase value. Located within the Kansas City metropolitan area, it benefits from steady regional economic growth and proximity to major thoroughfares, retail centers, and essential services. The property provides ease of access to I-435, which connects to the broader Kansas City freeway network. Nearby commercial corridors include 350 Highway and Blue Ridge Boulevard, which host a range of shopping, dining, and service amenities. Raytown’s central location offers residents short commutes to major employment hubs in Kansas City while maintaining a suburban neighborhood feel. Investors can leverage the area’s diverse tenant demand and the potential to enhance finishes and common areas to increase rents and long-term returns. Managed and maintained by the owner for 23 years

FOR SALE DETAILS

PRICE

$1,848,000 USD

PRICE/SF

$102 USD /SF

# OF UNITS

24

PRICE/UNIT

$77,000

CAP RATE

Request Cap Rate

% LEASED

96%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1975

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

-

APN/PARCEL ID

50-220-19-15-00-0-00-000

ASK ABOUT THIS PROPERTY

David NewcombMeadow Lane ApartmentsMore Info
816-589-6071

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David NewcombMeadow Lane ApartmentsMore Info
816-589-6071

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